Industry Analysis & Industry Trends
The industry is expected to grow at a compound annual rate of 2.4% over the five years through 2016-17 to £5.8 billion. Growth has been supported by improvements in the housing market and an expanding demand for consumer credit. Difficulties associated with securing funding from conventional lenders also had a positive influence. In addition, the level of funding available to industry operators increased, supporting industry growth. Nevertheless, due to the diverse nature of the industry, demand conditions differed considerably between different segments... purchase to read more
Industry Report - Industry Products Chapter
The largest segment of non-depository finance lending goes towards house purchases, either for occupation or as investments. Although a relatively soft housing market restricted demand for mortgage financing during the start of the period, demand increased strongly during the following years as the housing market rebounded robustly, supported by favourable government initiatives. As a result, this segment's share of revenue is expected to have followed the overall industry's trend during the past five years.
The second-largest segment involves providing consumers with credit so they can purchase goods and services. A large part of this is sales financing for items such as cars and white goods. Ret.. purchase to read more