Market Size of UK Mortgage / Loan Broker Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.88 Billion |
| Market Size (2029) | USD 4.56 Billion |
| CAGR (2024 - 2029) | 9.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UK Loan Broker Market Analysis
The UK Mortgage / Loan Broker Market size is estimated at USD 2.88 billion in 2024, and is expected to reach USD 4.56 billion by 2029, growing at a CAGR of 9.60% during the forecast period (2024-2029).
UK residential mortgage lending is one of the largest and most attractive markets in the world for financial institutions. This is due to the large transaction volumes and the revenue per loan provided, as well as the linkages with banking and insurance products cross-selling opportunities. However, the lending process is complex, and many lenders still have legacy loan origination processes in place. As a result, it is essential for financial institutions to have strategies in place to modernise core lending technology to keep up with other parts of the business, customer expectations and competition.
Year-on-year growth in mortgage lending has been on the rise. The UK’s top three mortgage lenders making up around 45% of the total.
The UK is at the forefront of the European online lending platform market, investing heavily for innovative technologies. In addition, the economy’s ability to support digital infrastructures of online platforms and online services across the region will also help to grow the region’s digital lending market. AI, machine learning, block chain, and other new technologies are further improving the capabilities of digital lending platforms, which are expected to create new opportunities for the market and increase the growth rate of digital lending platforms in the future.
