Biggest Mortgage Lenders

Largest mortgage lenders

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 lenders, who were rated 21-30 in 2017 and provided 3 billion pounds more for house building than the 21-30 group in 2016 - a 40 percent expansion ratio. Lenders, the biggest ones, recorded more moderate economic expansion. While Lloyds further increased its credit portfolio with an additional seven per cent over 2016, the next three lenders (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 lenders 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 lenders with significant credit expansion include: 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 lenders have experienced an overall rise in loans, while challengers and special lenders 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 lenders 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.

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