UK mortgage lending at £1,200bn ‘unmanageable’, claims Capgemini banking report
The latest World Retail Banking Report 2009 (WRBR) by Capgemini, Efma and UniCredit has revealed an ‘unmanageable mortgage market’.
24 March 2009
Publication
Latest figures from the World Retail Banking Report reveal mortgage lendding has “exceeded reasonable limits” with the volume of debt running at 86% of GDP.
Andrew Sheehan, a management consultant at Capgemini, a contributer to the report said: “The scale of mortgage lending in the UK is unmanageable. As GDP grows, mortgage lending should decrease to over 60% over time.”
The report also highlighting how retails banks are planning to differentiate their pricing even more according to client risk and potential.
To read the full article at telegraph.co.uk, click: UK mortgage lending at £1,200bn ‘unmanageable, claims Capgemini banking report.
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