Best Banks for Mortgage Loans 2016Top banks for mortgage loans 2016
There are two stages to the award vote procedure. These include the award category for the various prizes on What Mortgage's website and in the magazines, and we ask our on-line users and magazines reader to name the companies that have had good experience. Our award ceremony took place on 20 July in Bounce, Farringdon in the City of London, where we gathered all the winners to present them with their prizes.
We would like to thank everyone who took part in the What Mortgage Awards for taking the opportunity to express their views.
Biggest Mortgage Banks 2017 - Challenges and Experts are Leading - UK Finance
We have today released our figures showing the mortgage loans of members of UK Finance in 2017. In our charts, we show members' mortgage credit exposure over the last year, and balance due at the end of 2017, round to the next 100 million pounds and on the same base. That means that the smallest companies - those with less than 50m in loans - are not included in the chart.
Overall, our members provided information on both new business and mortgage assets, which account for around 97 per cent of the overall mortgage business, as released by the Bank of England. In 2017, GDP loans amounted to 257 billion, an increase of four per cent on 2016. That was below the 11 percent increase of 2016.
New loan origination grew most strongly among those creditors who in 2017 were placed 21-30 and provided 3 billion pounds more for house building than the 21-30 group in 2016 - a 40 per cent upturn. Moderate economic expansion was recorded by the biggest creditors. While Lloyds further increased its credit portfolio with an additional seven per cent over 2016, the next three creditors (Nationwide Building Society, Royal Bank of Scotland and Santander) recorded lower volume than in 2016 and corresponding losses in credit markets.
Nevertheless, the top ten ranking of loans remained unchanged, with all creditors maintaining the same ranking as in 2016. From 21 to 19 June, Paragon rose by an astonishing 78 per cent from 21 to 19 June. Also Legal and General made a significant leap from rank 27 to 23 after credit had increased by 67 percent.
Others with significant credit expansion are among others: Testco Bank (71 percent), Metro Bank (50 percent), Foundation Home Loans (200 percent) and Pepper UK (200 percent). On a sector-by-sector analysis, it is clear that all kinds of creditors have experienced an overall rise in credit, while challengers and special creditors are the largest new entrants with almost 20 per cent up.
The Lloyds Banking Group continues to be at the top of the list of accounts receivable, despite a one per cent decline in overall account volume. The RBS recorded a seven per cent rise in its balance sheet, overtaking Barclays on the board and becoming the fourth-largest mortgage lending institution in the UK.
Among the top five, HSBC, Coventry, Virgin Money and TSB were able to expand their shares of the mortgage receivables portfolio. The year 2017 was a good year for the mortgage markets, with more creditors in competition for the economy, and GDP continued its uptrend. Our most recent predictions for the 2018 financial year forecast a total volume of GBP 260 billion - an advance of around two percent.
Loans granted in the first few months of 2018 have so far exceeded our projections, mainly as a result of the higher -than-expected level of re-mortgage activities. Last year's uncertainty - not least in the UK business community - remains and could impact the credit route for the remainder of this year and beyond.
This year, however, the mortgage lending industry has shown that it is once again sufficiently strong and able to compete to continue helping UK mortgage clients with their changing needs.