Largest UK Mortgage Lenders

August 18, 2009 No Comments »

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The Council of Mortgage Lenders released some interesting data regarding the industry across the pond.

Last year, gross lending slipped to £261 billion ($433 billion US), down 28 percent from its peak of £364 billion ($603 billion US) in 2007.

That’s no real big surprise, and mirrors volume here in the United States; wholesale mortgage lenders also took a big hit in the UK, with market share slipping to two percent from seven percent a year earlier.

The UK was also hit with big failures like Northern Rock and mega-mergers, similar to Bank of America/Countrywide and Chase/WaMu.

“The highest profile consolidations were in the banking sector, where HBOS and Lloyds TSB (including Cheltenham & Gloucester) the largest and third largest lenders in 2007, have merged into Lloyds Banking Group,” the CML said in a release.

“And the second largest lender in 2007, Santander, having already acquired the Abbey brand, took over the Alliance & Leicester mortgage book last October.”

Top UK Mortgage Lenders in 2008

Rank – Volume – Market Share

1.    Lloyds Banking Group – £78 billion – 30.3%
2.    Santander – £35.2 billion – 13.7%
3.    Nationwide BS – £29 billion – 11.2%
4.    Barclays – £22.9 billion – 8.9%
5.    The Royal Bank of Scotland – £18.7 billion – 7.3%
6.    HSBC Bank – £17.2 billion – 6.7%
7.    Bank of Ireland – £9.2 billion – 3.6%
8.    Bradford & Bingley – £5.8 billion – 2.3%
9.    Clydesdale & Yorkshire Banks – £3.3 billion – 1.3%
10.  Coventry BS – £3.1 billion – 1.2%

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