The top six mortgage lenders accounted for 81.5% of the total volume of lending undertaken last year, according to figures from the Council of Mortgage Lenders (CML).
Lloyds Banking Group retained its position as the largest mortgage lender in 2010. It had an estimated market share of 22.1% and lent around £30 bn of gross mortgage lending. Santander claimed second place, with 17.8% market share.
Barclays is the third largest lender with a 12.4% market share, followed by The Royal Bank of Scotland, Nationwide Building Society and HSBC.
There were a number of new entrants into the CML’s top 30 lenders and they each had less than 0.5% of the estimated market share. They include: Saffron Building Society, Cambridge Building Society, UBS, Aldermore Mortgages and Market Harborough Building Society.
August 26, 2011