Mortgage Financing industry, which is primarily known as the housing finance industry in India was estimated approximately at US $ 18 billion.A significant change in the structure of the mortgage industry is being marked in the recent years. Presently the banks are gaining market share in direct housing finance segment. From estimation it is found that the share of commercial banks in the direct housing finance segment has increased from 27% in FY 2000 to 57% in the FY 2003.Though the housing finance industry in India is growing for the past few years still financing through the organized sector continues to account only for 25% of the total housing investment in India.
The top players in this industry are housing finance companies, commercial banks, cooperative banks and other non-banking financial companies. Presently the commercial banks are set to take the major portion in next years. Presently Housing Development Finance Corporation is the market leader followed by State Bank of India . The Industrial Credit and Investment Corporation of India Bank and the Life Insurance Corporation Housing Finance Limited also have significant market share. The industry sources has reported that, 8 to 10 percent of the market share that foreign-owned banks have in the industry, Citibank has 5 percent share, followed by Standard Chartered and HSBC with about the 3 to 5 percent.

Mortgage Rates, sometimes offered at quite a low level by mortgage companies are nothing but a trap to allure borrowers and a trick of gaining momentum in the mortgage market. Londoners generally select a mortgage lender on the basis of interest rates they are offering and simplicity of the home loan process. But low interest rates are some times associated with huge hidden costs, which when added to the mortgage amount result in daunting figures. A London Foreclosure Broker can find the best Foreclosures program and the lowest possible interest rates for you and can be the best remortgage adviser. London mortgage broker has affiliations with lenders, banks and other lending bodies so can search the best mortgage rates and programs in the London mortgage market.