Determinant attributes of customer choice of banks, supplying mortgage products

Date
2005-01-01
Authors
Kotykhov, Mikhail
Supervisor
Collins, Brett
Item type
Thesis
Degree name
Master of Business
Journal Title
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Volume Title
Publisher
Auckland University of Technology
Abstract

The following research study attempts to identify the determinant factors, affecting the customer choice among alternative suppliers of mortgage products. The other objective of the study is to evaluate the role of bank brand in the customer choice of mortgage provider. The Analytic Hierarchy Process is employed as the research methodology. Research results suggest that cost-related factors (interest rate, borrowing limit and application costs), and one service-related factor (speed of decision) are determinant for the choice among alternative mortgage providers. However, brand-related factors, such as bank reputation and recommendations, are not found to have a significant effect on the customer choice. The method of brand value calculation, developed in the study requires further research to explain the role of brand in customer decision-making.

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Keywords
Banks and banking , Customer services , Mortgage loans , Consumers , Attitudes , Brand value , Customer decision-making , Customer choice , Bank mortgages , Analytic Hierarchy Process , Business
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