This report considers the state of the mortgage market today in
the context of the changes seen over the past two years. Of
particular interest are an assessment of who holds mortgages today,
the extent to which consumer desires are being thwarted, a study of
the mortgage holder behaviour with regards to house purchase and
remortgaging over the lifecycle of mortgage holding and an
assessment of the financial risk inherent in the market. The
main focus of this report is on mortgages held for own home
purchases rather than as a means of business investment.
Over 30 questions were asked in total, covering the
- Ownership of specific types of mortgages
- Impact of the credit crunch and recession on the cost of
mortgages and the types of mortgages owned
- How long have consumers lived in their current homes?
- How long have consumers owned their current mortgage and why
was it taken out?
- How long have consumer owned any mortgage?
- Current amounts owed on their mortgages and the value of their
- The percentage of mortgage holder disposable income taken in
- Frequency of remortgaging and repaying debt in a lump sum
- Desired actions and what is preventing these being carried
- With which company is the current mortgage held?
- Mortgage holder opinion of their lender(s)
- How and why consumers buy new mortgages
- Consumer perceptions of home ownership vs. renting
The following brands are mentioned in this
Bank of Ireland, Bank of Scotland, Barclays, Britannia Building
Society, Cheltenham & Gloucester, Clydesdale Bank, Co-operative
Bank, Coventry Building Society, First Direct, Halifax, HSBC, Leeds
Building Society, Lloyds TSB, Nationwide Building Society, Natwest,
Northern Rock, Principality Building Society, Royal bank of
Scotland, Santander, West Bromwich Building Society, Woolwich,
Yorkshire Bank and Yorkshire Building Society.
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To buy the Mortgages report, click here.