BSA research report 2020 Vision

How will mortgage products change between now and 2020?  The BSA would welcome your views to assist with research the Association is undertaking to be published this autumn.

The research will seek to step away from the current market uncertainties, and look at how the mortgage market and mortgages themselves will evolve over the next 12 years. For example, will affordability problems worsen, meaning that first time buyers will continue to get older and pay their mortgages well into retirement, or will current market trends continue and ease affordability pressures?

We would be very interested in your views on this, and particularly your answers to the following questions:-

• How is consumer demand for mortgage products changing (if at all?) and how will mortgage lenders respond to those changing customer demands?
• How will the 2020 mortgage deal with the affordability problems that may continue to characterise the housing market?
• What new products will be offered by lenders, and how will they differ from existing mortgage products? For example, will lenders start to offer products that link savings with future mortgages or ‘rent to buy’ type schemes?
• Could we see a switch from owning to renting and as part of that will a market emerge for a property derivative type of product which would allow people the opportunity to invest in property without owning their home?
• Will societies get more involved in financing rental and social property?
• Will mortgage funding and distribution models change and how might they affect product development?

If you have any comments or views, could you send them to Neil Johnson at BSA on neil.johnson@bsa.org.uk.