Europe Loan Broker Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 8.79 Billion |
| Market Size (2029) | USD 12.99 Billion |
| CAGR (2024 - 2029) | 8.12 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Loan Broker Market Analysis
The Europe Mortgage / Loan Broker Market size is estimated at USD 8.79 billion in 2024, and is expected to reach USD 12.99 billion by 2029, growing at a CAGR of 8.12% during the forecast period (2024-2029).
The European loan broker market has grown rapidly in recent years. This is due to several factors, including increased financial awareness, a variety of borrowing requirements, and a greater variety of loan products available. The growth of the European loan broker market can be attributed to several reasons, such as the need for specialist financial advice, outsourcing of loan search procedures, and the demand for attractive loan terms. Regulatory compliance, competition in the market, and the ever-changing digital environment are also factors that have contributed to the growth of the Europe loan broker market.
Loan brokers are diversifying their services to meet consumer needs, from personal loans to mortgages and auto loans to small business loans. The European loan brokers market is being affected by regulatory changes that seek to improve consumer safety, transparency, and fairness in lending. To maintain trust and trustworthiness, brokers must remain compliant with ever-changing regulations.
In fact, mortgage brokers in many of the world’s largest markets are responsible for a surprising amount of home loan origination. For example, brokers in the Netherlands account for about 60% of all home loan originations, while brokers in Australia account for about 70%. In the UK, it’s even higher at 75%. (Another type of intermediary, online aggregators, are also becoming increasingly important in the loan origination process by providing customers with transparency and competitive support.)
Europe Loan Broker Market Trends
The Housing Market's Expansion Drives Up Demand for Mortgage Brokers
The home loan segment is indeed a major market in the mortgage/loan broker market in Europe. The market for home loans in Europe is diverse, with various types of loans and lenders available across different countries. Factors such as interest rates, loan terms, and eligibility criteria can vary widely. Economic conditions, such as interest rates, employment levels, and housing market trends, significantly influence the residential mortgage market. Changes in these factors can impact borrower demand and lender profitability.
United Kingdom is Dominating the Market
In 2021, the mortgage lending market was booming in the United Kingdom. Gross lending increased 26% over 2020, when pandemic restrictions had a significant negative impact on lending, to GBP 308.5 billion. Yet it was also 15% more than the GBP 269.0 billion in 2019.
While slightly rising to 2.11% from 2.00% in 2020, the average mortgage interest rate stayed below the average of 2.25% in 2019. In response to the pandemic, the base rate was decreased in March 2020 from 0.75% to 0.10%. When more lenders priced in the extra risk or pulled these products off the market, mortgage interest rates first rose, especially at larger LTVs (over 75%).
Europe Loan Broker Industry Overview
The market is semi-consolidated, with some dominant players like Lloyds Banking Group. The main competitors in the European mortgage/loan broker business are covered in the research. Loan brokers face intense competition since they depend on their relationships with the best real estate agents and lenders in the communities they cover. Some major players in the market are Lloyds Banking Group, NatWest Group, Nationwide BS, HSBC Bank, and Virgin Money.
Europe Loan Broker Market Leaders
-
Lloyds Banking Group
-
NatWest Group
-
Nationwide BS
-
HSBC Bank
-
Virgin Money
*Disclaimer: Major Players sorted in no particular order
Europe Loan Broker Market News
- January 2023: OneDome, a UK end-to-end challenger, acquired CMME Mortgage and Protection Ltd. from CMME Group for an undisclosed sum. The acquisition, which involves the integration of CMME Mortgages 65-person team into OneDome, will enable OneDome to dramatically expand its mortgage brokerage capability and support its online clients.
- June 2023: Barclays (BARC.L) has agreed to buy specialty lender Kensington Mortgage Company for approximately 2.3 billion pounds ($2.8 billion), boosting its presence in the UK property sector.
Europe Loan Broker Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
4.5 Insights of Technology Innovations in the Market
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Enterprise
5.1.1 Large
5.1.2 Small
5.1.3 Mid-sized
5.2 By Applications
5.2.1 Home Loans
5.2.2 Commercial and Industrial Loans
5.2.3 Vehicle Loans
5.2.4 Loans to Governments
5.2.5 Other Applications
5.3 By End- User
5.3.1 Businesses
5.3.2 Individuals
5.4 By Geography
5.4.1 United Kingdom
5.4.2 Germany
5.4.3 France
5.4.4 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Lloyds Banking Group
6.1.2 NatWest Group
6.1.3 Nationwide BS
6.1.4 HSBC Bank
6.1.5 Virgin Money
6.1.6 Santander UK
6.1.7 Barclays
6.1.8 Coventry BS
6.1.9 Yorkshire BS
6.1.10 TSB Bank*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Europe Loan Broker Industry Segmentation
A mortgage broker acts as a middleman for people or businesses and manages the mortgage loan application process. In essence, they set up relationships between mortgage lenders and borrowers without making any financial commitments of their own.
The Europe Mortgage/Loans Broker Market is segmented by enterprise, application, end-user, and geography. By enterprise, the market is sub-segmented into large, small, and medium-sized by application, the market is sub-segmented into home loans, commercial and industrial loans, vehicle loans, loans to governments, and others. By end-user, the market is sub-segmented into businesses and individuals. By geography, the market is sub-segmented into the United Kingdom, Germany, France, and the Rest of Europe.
The report offers market size and forecasts for the Europe Mortgage and Loan Broker Market in terms of dollar value (USD) for all the above segments.
| By Enterprise | |
| Large | |
| Small | |
| Mid-sized |
| By Applications | |
| Home Loans | |
| Commercial and Industrial Loans | |
| Vehicle Loans | |
| Loans to Governments | |
| Other Applications |
| By End- User | |
| Businesses | |
| Individuals |
| By Geography | |
| United Kingdom | |
| Germany | |
| France | |
| Rest of Europe |
Europe Loan Broker Market Research FAQs
How big is the Europe Mortgage / Loan Broker Market?
The Europe Mortgage / Loan Broker Market size is expected to reach USD 8.79 billion in 2024 and grow at a CAGR of 8.12% to reach USD 12.99 billion by 2029.
What is the current Europe Mortgage / Loan Broker Market size?
In 2024, the Europe Mortgage / Loan Broker Market size is expected to reach USD 8.79 billion.
Who are the key players in Europe Mortgage / Loan Broker Market?
Lloyds Banking Group, NatWest Group, Nationwide BS, HSBC Bank and Virgin Money are the major companies operating in the Europe Mortgage / Loan Broker Market.
What years does this Europe Mortgage / Loan Broker Market cover, and what was the market size in 2023?
In 2023, the Europe Mortgage / Loan Broker Market size was estimated at USD 8.08 billion. The report covers the Europe Mortgage / Loan Broker Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Mortgage / Loan Broker Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Mortgage / Loan Broker Industry Report
Statistics for the 2024 Europe Mortgage / Loan Broker market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Mortgage / Loan Broker analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
