Best Mortgage Companies 2016Top mortgage banks 2016
By 2015, medium-sized creditors in particular had grown by 56% with an overall rise in loan size. Their share of overall credit assets was 12%, up from 8% in the previous year. By 2016, these mid-sized creditors had a slower pace of expansion, and it was the turn of those in the next higher category - those ranking 21-30 in terms of credit size - who made progress.
Overall, these companies recorded a 60% increase in credit volume. In 2016, the top 10 companies' new loan ratios stayed constant at 84%, but there were some movements within the chart. The Lloyds Banking Group remains the UK's biggest mortgage financier, but further shrank its UK mortgage finance franchise from 17.3% in 2015 to 15.6% last year.
The UK also saw its UK slippage from 11.8% to 10.4% of the total UK loan portfolio, from third-largest creditor to fourth place, and swapped places with the Royal Bank of Scotland, which boosted its 11.1% to 12.9%. Throughout Germany, the country's second-largest creditor rose its overall slice of the pie from 13.8% to 14.4%.
TSB Bank recorded the strongest increase among them, increased its overall portfolio by 0.5% and moved up one place in the rankings to tenth place. Several other companies in this group saw a significant increase in business activities, most notably Precise Mortgages with credit increases of 54%, Metro Bank (67%), Fleet Mortgages (150%) and Legal & General Home Finance (200%).
Despite Lloyds Banking Group's balance sheet fell by almost 3% to 293bn, it remains the biggest mortgage lending institution, representing 22.2% of the balance sheet totals. The Nationwide Building Society and The Royal Bank of Scotland raised their balance due and mortgage exposure to 13% and 9.8%, respectively.
Somewhat further down the list, the Coventry Building Society, Virgin Money and TSB Bank boosted their shares of mortgage receivables due.