Which are the most popular mortgage
lenders?
According to the Council of Mortgage Lenders, Lloyds Banking
Group (that's the combined lending of Lloyds TSB, Halifax and Bank
of Scotland) top the lending table again for 2010, however the
amount they lent was down over 13% on 2009 figures.
The second most popular lender for both 2009 and 2010 was
Santander but their lending was down just over 8% from 2009 to
2010. Barclays came third using its Woolwich brand (which it
purchased in 2000 and was formally Woolwich Building Society). The
complete table is listed below.
As far as the building societies are concerned the nation's
largest mutual building society, the Nationwide, came in
6th place. This makes it larger than all the other
building societies put together with the Building Societies in
total only accounted for about 16% of all lending.
Top 6 mortgage lenders dominate
The mortgage market is dominated by 6 mortgage lenders who
accounted for over 4 out of 5 new mortgage loans in 2010.
State owned mortgage lenders
Lloyds Banking Group is 41% state owned and Royal Bank of
Scotland is 83% state owned which added to the Northern Rock
ownership means that about 1 in 4 new mortgages in the UK during
2010 were owned by the UK Government!
