|
市場調查報告書
英國房屋貸款市場的競爭情勢
Competitive Landscape of the UK Mortgage Market: Where Next for Lenders?
|
本報告已在2011年07月19日停止出版。
專門於多樣市場領域之調查分析的英國市調公司 Datamonitor Corporation（總公司：倫敦），針對英國的房屋貸款市場進行相關調查分析及預測，並出版報告書 "Competitive Landscape of the UK Mortgage Market: Where Next for Lenders?" 。
本報告書內容包括：英國房屋貸款市場2005年的市場競爭情勢概觀、2006年上半年度主要企業的動向、競爭結構的變化、10年後的展望等。內容綱要摘記如下：
DATAMONITOR的觀點
分析
- 2005年幾乎對所有的放款者而言，是個嚴峻的一年
- 2005年的市場佔有率和前一年度幾乎一樣
- 但是多數的放款者在2005年中減少了新的生意
- 2006年上半年度有更多關於放款業者的策略內容公開
- 從幾乎所有的放款業者的業績看來，反映房屋貸款市場的景氣熱絡
- HBOS：回到戰線上了嗎
- Abbey：正在復甦中
- Nationwide：要在價格回昇上下賭注嗎
- Lloyds TSB：在成長市場中的市場佔有率縮小
- Northern Rock：成功及持續收購
- Alliance & Leicester：市場擴展到新的領域
- 實際上，市場的競爭結構出現變化
- 投資銀行牽涉程度增加，正改變市場
- 市場的主流領域及非主流領域的界線愈來愈模糊
- 主流借貸業者朝非主流領域發展
- 打進主流領域的非主流領域業者不多
- 技術與該趨勢有著很強的關聯性
- 10年後市場的競爭狀況將會變得如何呢
- 未來也將持續整合
- 幾家投資銀行預計將隨著低可信度領域中收益減少，將所有的事業賣掉
- 合理化的流程將成為標準
- 長期以來的幾家龍頭企業或有力企業將比現在更加主導房屋貸款市場
附錄
Abstract
Introduction
The UK mortgage market is ferociously competitive, with over 130 lenders vying
for business. How did lenders perform over 2005 and the first half of 2006?
How is the structure of the market changing and what will it look like in the
long-run? This briefing assesses the performances of the major lenders and
considers a number of questions on the evolution of the market.
Scope
- Provides insight on how major lenders are changing their strategies.
- Discusses the key structural and competitive changes in the market over
the last year.
- Incorporates primary interviews from industry experts and secondary data
from a wide range of sources.
Report Highlights
While 2005 was a difficult year for many lenders, the first half of 2006 saw
most lenders' books increase in volume. Yet the competitive structure of the
market is changing, with investment banks staking out a greater role and the
boundaries between mainstream and non-standard lending becoming more blurred.
As pricing becomes more competitive, lenders' margins will be squeezed.
Lenders will look to streamline their operations, so that each step is done at
the lowest cost possible. In many instances, lenders will think about
outsourcing some aspect of their mortgage processing cycle, in order to save
on cost.
As the competitive structure of the UK mortgage market continues to change,
Datamonitor contends that consolidation will continue, some investment banks
will exit the market as profitability declines in the sub-prime sector, and a
number of giant or super players will dominate the mortgage market to a
greater degree than at present.
Reasons to Purchase
- In-depth analysis of the strategies of the major UK lenders and how they
are performing.
- Assesses the reasons for a number of lenders' success.
- Understand how the market is changing and evaluate any opportunities for
your business arising from these changes.
Table of Contents
- CATALYST
- SUMMARY
- METHODOLOGY
- ANALYSIS
- 2005 was a difficult year for most lenders
- Market shares in 2005 remained pretty similar to the year before
- But many saw new business decline in 2005
- However, H1 2006 is more telling in regards to lender strategies
- The strong performance of the mortgage market was reflected in most
lenders' performances
- HBOS: back in the game?
- Abbey: continuing recovery
- Nationwide: going for broke in a u-turn on pricing?
- Lloyds TSB: losing market share in an expanding market
- Northern Rock: success and continued acquisition
- Alliance & Leicester: expansion into new areas of the market
- In fact, the competitive structure of the market is changing
- Increasing involvement by investment banks is changing the market
- Pricing will become more competitive
- The boundaries are slowly blurring between the mainstream and
non-standard sectors of the market
- Mainstream lenders have been entering the non-standard sector
- A few non-standard lenders have been entering into the mainstream
sector
- Technology has had a large hand in this movement
- Moreover, what will the competitive landscape of the market look like in
ten years time?
- Consolidation will continue
- This is particularly true for building societies
- Some investment banks will sell their share of business as
profitability declines in the sub-prime sector
- Streamlined processes will be the norm
- In the long-run, there will be a number of giant or super players who
will dominate the mortgage market to a much greater degree than at present
- APPENDIX
- Supplementary data
- Definitions
- Balances outstanding
- CAGR
- Gross advances
- Non-standard
- Further reading
- European mortgage reports
- UK mortgage reports
- UK mortgage briefings
- Forthcoming mortgage briefings
- UK Mortgage Market Map 2006
- Key Features
- For further information
- Relevant links
- Ask the analyst
- List of Tables
- Table 1: Top 30 mortgage lenders by balances outstanding, 2004-2005
- Table 2: Gross advances and market shares of top lenders, H1 2005 and
2006
- Table 3: Gross advances for the top fifteen lenders, 2004-2005
- List of Figures
- Figure 1: Many of the top fifteen lenders' new lending volumes
contracted over 2005 compared to the previous year, 2004-2005
- Figure 1: While HBOS, Abbey and Barclays increased their share of the
market, Lloyds TSB saw a loss of share, H1 2005 and H1 2006
- Figure 3: The UK Mortgage Market Map 2006 covers a wide range of
mortgage sectors
- Figure 4: Taxonomy of UK Mortgage Market Map 2006
- Figure 5: Datamonitor' s core consulting capabilities
|
