Introduction
Flexibility is a popular concept in the UK. Today, most standard mortgages contain at least one element of flexibility and many believe that the flexibility concept will eventually become part of the standard mortgage offering. So, what factors are driving take-up of flexible mortgages? What will be the size of the flexible mortgage market in the next five years? This report provides the answers.

Scope
Focuses on flexible mortgages in the UK. Current account and offset mortgages are excluded.
Sizes the flexible mortgage market in terms of gross advances and balances outstanding.
Looks at the typical characteristics of a flexible mortgagor.
Provides five-year forecasts based on three scenarios.
Highlights
Until 2004 the total mortgage market grew faster than the flexible mortgage market but was hit by the downturn in 2005. On the other hand, the flexible mortgage market has continued to grow steadily over 2005, thus, on the whole, growing at a quicker pace than the total mortgage market for the period 2002 to 2005.

The fact that the proportion of flexible mortgage customers making use of their payment holiday is small stresses that they tend to view the possibility of taking a payment holiday (or underpay) as a safety measure.

Data from the ODPM's Survey of English Housing (SEH) highlights that flexible mortgage holders tend to fall in higher income bands. 46.1 per cent of all flexible mortgagors had an annual household income of over £40,000 in 2004/2005 compared to 35.7 per cent for all mortgagors.

Reasons to Purchase
Gives you a competitive edge by providing you with a thorough analysis of the UK flexible mortgage market.
Learn how the competitive structure of the flexible mortgage market is changing.
Draw on Datamonitor's five-year scenario-based forecasts to plan your future strategy with confidence.