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Online Mortgage Distribution

Product Type: Market Research Report
Published by: Datamonitor
Published: October 2002
Product Code: R313-4360
Description
Introduction: Against a backdrop of strong mortgage market growth, a number of lenders, brokers and intermediaries have developed online services. However, the Internet is yet to take off in the UK as a mortgage distribution channel. Why is this - what are the attitudes of consumers, intermediaries and lenders? How will mortgage distribution look in five years' time? Where will the Internet fit in? Datamonitor's 'Online mortgage distribution: The way ahead?' briefing provides the answers. Scope of the Report: * The briefing analyses the impact of the online channel on the advice and purchase of UK residential mortgages * The briefing provides five-year forecasts of the UK residential mortgage market gross advances by distribution channel * The briefing uses two of Datamonitor's primary research studies - IMPACT 2002 and the Mortgage intermediary survey 2002. Report Highlights: Understand how customers feel about arranging mortgages online, what intermediaries think and which lenders are trying hardest to get the Internet at the forefront of borrowers' minds. Get up-to-date, independent analysis of what proportion of gross advances each distribution channel will account for in the in next five years. Key Reasons to Buy this Report: * Make informed business decisions by understanding how customers, intermediaries and lenders view the Internet as a tool for mortgage distribution * Use Datamonitor's five-year forecasts of distribution channel splits within the mortgage market to aid planning decisions
Table of Contents
Overview

Introduction

Against a backdrop of strong mortgage market growth, a number of lenders, brokers and intermediaries have developed online services. However, the Internet is yet to take off in the UK as a mortgage distribution channel. Why is this - what are the attitudes of consumers, intermediaries and lenders? How will mortgage distribution look in five years' time? Where will the Internet fit in?


Datamonitor's ‘Online mortgage distribution: The way ahead?’ briefing provides the answers


Scope

The briefing analyses the impact of the online channel on the advice and purchase of UK residential mortgages

The briefing provides five-year forecasts of the UK residential mortgage market gross advances by distribution channel

Report Highlights

Understand how customers feel about arranging mortgages online, what intermediaries think and which lenders are trying hardest to get the Internet at the forefront of borrowers' minds. Get up-to-date, independent analysis of what proportion of gross advances each distribution channel will account for in the in next five years.

Reasons to Purchase

Make informed business decisions by understanding how customers, intermediaries and lenders view the Internet as a tool for mortgage distribution

Use Datamonitor's five-year forecasts of distribution channel splits within the mortgage market to aid planning decisions

Scope

The briefing uses two of Datamonitor's primary research studies - IMPACT 2002 and the Mortgage intermediary survey 2002

ABOUT DATAMONITOR

CHAPTER 1 INTRODUCTION

CHAPTER 2 THE STATE OF THE MARKET

Online distribution: Services have come a long way

The online channel: Still off-limits to many consumers

Explaining consumers’ lack of interest in online mortgages

Market leaders

Market Harborough Building Society

Charcol and Charcolonline

Intelligent Finance

Making a success of online distribution

E-conveyancing: A cause worth supporting

Overcoming the weaknesses of technology with more technology is not the answer

Electronic signatures should be promoted

Aggregators: friend not foe

Bring the Internet into the back office

CHAPTER 3 MARKET FORECASTS

Forecast of gross advances to 2006

Forecasting macroeconomic variables

Model output

Forecasts of gross advances to 2006 by channel

Scenario One: A steady improvement

Scenario Two: The boom years arrive for online mortgage distribution

Conclusion

CHAPTER 4 APPENDIX

Data tables

Definitions

Research methodology

IMPACT 2002

Mortgage Intermediary survey 2002

Further information

Relevant reading

Relevant links

Datamonitor Financial Services Consulting

SPP writing team

How to contact experts in your industry
Ordering and More Information
Price and Delivery Options


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