Research and Markets: UK Personal Loan Distribution 2009 - Unsecured Personal Lending Is Expected To Grow By 5.9% between 2009 And 2013

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/eccef4/uk_personal_loan_d) has announced the addition of the "UK Personal Loan Distribution 2009" report to their offering.

The intermediary channel has been hit hard by the recession as business has dried up in general. Lenders are looking to avoid taking on excessive risk by focusing on existing customers. The rise in the popularity of the internet has been tempered by a desire on the part of consumers for more face-to-face advice in a branch. Call centers also remain an important channel of arrangement.

Scope

Sizes and forecasts the popularity of different distribution channels in terms of arrangement of secured and unsecured personal loans.
Uses the proprietary Retail Banking Survey to gain more of an insight into consumers' behaviour regarding personal loan products.
Analyses the results of The Intermediary Distribution Survey to understand intermediaries attitudes in the market.

Highlights of this title

Branches have seen a resurgence during the credit crunch for the arrangement of personal loans. For secured personal loans, more than one third of respondents went through the branch, whereas the intermediary channel, which has traditionally performed strongly was used by less than 10%.

The arrival of new entrants from outside the world of UK financial services could shake up the personal loans market. Entrants such as Tesco can bring their experience from running a successful retail operation to attract customers from the incumbent players.

The internet has encouraged innovation in the type of lending available. Peer-to-peer lending through websites such as lending karma and Zopa have become popular in the US but their success has not yet translated to the UK market. Nonetheless other websites such as Wonga are looking to differentiate themselves through the type of lending they offer.

Key reasons to purchase this title

Provides lenders with an understanding of the dynamics of personal loan distribution and how it is likely to develop over the next few years.
Uses proprietary surveys to provide insight into the behaviors and attitudes of consumers and intermediaries to the current the market conditions.
Presents forecasts for the performance of different channels and the personal loans market as a whole, split into both secured and unsecured loans.

Key Topics Covered:

Executive Summary
The market for personal loans continued to decline in 2008 and 2009
Total personal lending volumes declined significantly between 2004 and Q3 2009
Overview of Personal Loan Distribution
The market for personal loans continued to decline in 2008 and 2009
Total personal lending volumes declined significantly between 2004 and Q3 2009
Unsecured personal lending is expected to grow by 5.9% between 2009 and 2013
Online aggregators have been impacted by the current market conditions
Virgin Money's purchase of Church House Trust gave it a 'ready-made' banking license
Barclays has been refurbishing and innovating in its branches
HSBC's 'branch of the future' is looking to give consumers a taste of the short to medium term future of branch banking
Santander's moves illustrate the value it places on a large branch network
Banks and building societies appreciate the importance of bank networks despite the costs
HSBC's Assisted Internet program aims to understand barriers to online activity
Wonga allows customers access to a personal loan in as little as 15 minutes
More intermediaries principally or solely offer secured personal loans
Abbey and HBOS/Halifax are the most popular secured loan providers
Abbey and HBOS/Halifax are also the most popular lenders for unsecured personal loan intermediaries
The median number of loans arranged by intermediaries was significantly lower than in previous years
The median broker lent 100,000 in loans
Intermediaries tended to agree that the sub-prime sector had suffered due to fewer players
The consensus among intermediaries is that their overall level of personal lending declined in 2009
There is little optimism that individual brokers will increase their lending level in 2010
Intermediaries tended to show the greatest levels of concern about commission and fees
Intermediaries had some success maintaining their customer bases during 2009
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