UK Mortgage Market Overview
Market Size in 2024: USD 38.21 Billion
Market Forecast in 2033: USD 117.07 Billion
Market Growth Rate (2025–2033): 13.25%
The UK mortgage market size reached USD 38.21 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 117.07 Billion by 2033, exhibiting a growth rate (CAGR) of 13.25% during 2025–2033.
UK Mortgage Market Trends and Drivers:
The UK mortgage market is growing fast. Homeownership is still a key financial goal for many British households. Programs like Help to Buy and First Homes help first-time buyers with housing costs. This support is boosting mortgage applications in big cities and suburbs.
Shift Towards Fixed-Rate Mortgage Products
More consumers now prefer fixed-rate mortgages. This shift is due to uncertain interest rates and rising inflation. Financial institutions are now offering competitive fixed-rate products. This helps attract borrowers who want predictable monthly payments. These offerings also support market stability and growth.
Digital Transformation and Fintech Integration
The mortgage lending process in the UK is getting easier. This change comes from using digital platforms and new fintech ideas. AI credit assessments and automated loan origination help speed up loan processing. They also boost customer experience, especially for younger, tech-savvy borrowers.
Real Estate Investment and Remortgaging Activity
High rental prices are pushing more people to invest in property. This, in turn, is raising demand for mortgages. Many homeowners are remortgaging now. They want better rates or to release equity. This is especially true in a changing interest rate environment. These trends are bolstering overall mortgage lending activity in the UK.
UK Mortgage Market News
- June 2025 – Lloyds Banking Group launched a new 5-year fixed-rate mortgage product targeting first-time buyers with lower deposit requirements.
- April 2025 – The UK government expanded the First Homes scheme to cover more regions, boosting demand for affordable mortgage-backed housing.
- January 2025 – NatWest introduced an AI-powered digital mortgage advisor to accelerate and personalize the mortgage approval process.
- October 2024 – Barclays reported a 15% year-on-year increase in mortgage lending, driven by remortgage activity amid base rate adjustments.
For an in-depth analysis, you can refer sample copy of the report:
https://www.imarcgroup.com/uk-mortgage-market/requestsample
UK Mortgage Market Industry Segmentation:
Type Insights:
- Financial Services
- Real Estate
- Banking
- Lending
- Finance
Application Insights:
- Homeownership
- Real Estate Investment
- Financial Planning
- Debt Management
- Financial Stability
Regional Insights:
- London
- South East
- North West
- East of England
- South West
- Scotland
- West Midlands
- Yorkshire and The Humber
- East Midlands
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Explore the Full Report with Charts, Table of Contents, and List of Figures:
https://www.imarcgroup.com/uk-mortgage-market
Key Highlights of the Report:
- Market Performance (2019–2024)
- Market Outlook (2025–2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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