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UK Non-standard and Sub-prime Lending 2004Product Type: Market Research ReportPublished by: Datamonitor Published: April 2004 Product Code: R313-6694 Description IntroductionNon-standard lenders have performed well in the current pro-borrowing economic environment. However, they are now facing much tougher competition from mainstream and increased pressure from regulators. So how did the non-standard community perform in 2003 and what does the future hold in store for it? Datamonitor’s UK Non-standard and Sub-prime Lending 2004 report provides the answers. Scope Provides a detailed overview of three specialist UK lending markets; non-standard mortgage, non-standard motor finance and home collected credit. Analyses the size, prevailing trends and competitive developments in each market and presents scenario based five year forecasts for each. Covers a number of other emerging non-standard markets such as the secured loans market and the non-standard credit card market. Draws upon extensive primary and secondary research and Datamonitor’s in-house non-standard market sizing and forecasting model. Report Highlights The number of people systematically refused credit declined further in 2003. Resilient economic performance and a low base rate environment resulted in fewer people in arrears or with a CCJ record and fewer people out of employment, driving the non-standard population down. However, there was a notable increase in personal bankruptcies in 2003. With non-standard (and mainstream) lending markets continuing to perform well, over indebtedness is now a serious and high profile issue. As a result, lenders are coming under increasing pressure from regulators and consumer associations to address the problem of mounting consumer debt. With the UK mortgage market quickly approaching M-day, non-standard lenders are eagerly waiting to see what effects new the regulation will have on their market and, particularly, how it will affect their distribution strategies. At the same, non-standard consumer credit providers face some substantial changes when the new CCA comes into force. Reasons to Purchase Find out about the economic, regulatory, socio-demographic and competitive issues facing your market to identify forthcoming opportunities and threats. Compare the growth rates of all the major non-standard lending markets to identify new and profitable market opportunities. Draw on Datamonitor's five-year scenario based forecasts to plan your future strategy with confidence. Table of Contents |
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