Market Size of UK Mortgage / Loan Broker Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.88 Billion |
| Market Size (2029) | USD 4.56 Billion |
| CAGR (2024 - 2029) | 9.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UK Loan Broker Market Analysis
The UK Mortgage / Loan Broker Market size is estimated at USD 2.88 billion in 2024, and is expected to reach USD 4.56 billion by 2029, growing at a CAGR of 9.60% during the forecast period (2024-2029).
UK residential mortgage lending is one of the largest and most attractive markets in the world for financial institutions. This is due to the large transaction volumes and the revenue per loan provided, as well as the linkages with banking and insurance products cross-selling opportunities. However, the lending process is complex, and many lenders still have legacy loan origination processes in place. As a result, it is essential for financial institutions to have strategies in place to modernise core lending technology to keep up with other parts of the business, customer expectations and competition.
Year-on-year growth in mortgage lending has been on the rise. The UK’s top three mortgage lenders making up around 45% of the total.
The UK is at the forefront of the European online lending platform market, investing heavily for innovative technologies. In addition, the economy’s ability to support digital infrastructures of online platforms and online services across the region will also help to grow the region’s digital lending market. AI, machine learning, block chain, and other new technologies are further improving the capabilities of digital lending platforms, which are expected to create new opportunities for the market and increase the growth rate of digital lending platforms in the future.
UK 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 create relationships between mortgage lenders and borrowers without making any financial commitments of their own.
The UK mortgage/loans broker market is segmented by enterprise, application, and end-user. 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.
The report offers market size and forecasts for the UK mortgage and loan broker market in 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 |
UK Mortgage / Loan Broker Market Size Summary
The UK mortgage and loan broker market is a dynamic and rapidly evolving sector, characterized by significant growth and technological advancements. As one of the largest markets globally, it attracts substantial interest from financial institutions due to high transaction volumes and revenue potential. The sector is experiencing a shift towards digital transformation, driven by the increasing demand for online services and the adoption of innovative technologies such as AI and blockchain. This transition is largely fueled by the preferences of younger, tech-savvy consumers who expect seamless digital experiences in their mortgage processes. The market is also shaped by regulatory frameworks, with the Financial Conduct Authority (FCA) playing a crucial role in ensuring consumer protection and market integrity.
The competitive landscape of the UK mortgage broker market is marked by a semi-consolidated structure, with major players like Lloyds Banking Group, NatWest Group, and HSBC Bank dominating the scene. Brokers serve as vital intermediaries, offering services that range from mortgage advice to application support and lender negotiations. The rise of online platforms and comparison websites has intensified competition, prompting brokers to leverage digital tools to enhance customer experiences and operational efficiency. Mergers and acquisitions are prevalent as firms seek to expand their market presence and achieve economies of scale. The market's growth trajectory is supported by favorable economic conditions, low interest rates, and robust housing demand, positioning it for continued expansion in the coming years.
UK Mortgage / Loan Broker Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitutes
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1.4.5 Intensity of Competitive Rivalry
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1.5 Insights of Technology Innovations in the Market
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1.6 Insights on Government Regulations and Industry Policies
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Enterprise
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2.1.1 Large
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2.1.2 Small
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2.1.3 Mid-sized
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2.2 By Applications
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2.2.1 Home Loans
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2.2.2 Commercial and Industrial Loans
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2.2.3 Vehicle Loans
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2.2.4 Loans to Governments
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2.2.5 Other Applications
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2.3 By End- User
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2.3.1 Businesses
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2.3.2 Individuals
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UK Mortgage / Loan Broker Market Size FAQs
How big is the UK Mortgage / Loan Broker Market?
The UK Mortgage / Loan Broker Market size is expected to reach USD 2.88 billion in 2024 and grow at a CAGR of 9.60% to reach USD 4.56 billion by 2029.
What is the current UK Mortgage / Loan Broker Market size?
In 2024, the UK Mortgage / Loan Broker Market size is expected to reach USD 2.88 billion.
