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UK mortgages: graduate and professional market shows promising growth

2nd March 2007

The graduate and professional mortgage market remains small and is hindered by a lack of awareness. However, both of these niche mortgages are gradually gaining a greater presence in the UK mortgage market. According to Datamonitor estimates, graduate and professional mortgages were worth just GBP749.6 million in 2001, but amounted to GBP3.6 billion in new business in 2005. This represents a compound annual growth rate of 47.7% for the five-year period, although this high growth rate can be attributed to the market's small size.

Source: Datamonitor, "UK Niche Mortgages 2007" (DMFS2075)