Top 10 Mortgage Lenders

Mortgage lenders top 10

There is no shift in the top 10 mortgage financiers, but challenger and specialist see most potential to grow. UK Finance is responsible for the ranking of mortgage lenders (click here to see) with the highest credit volume in 2017. The results show that the mortgage loans of the bausparkassen increased by 7% and those of the bank by only 2%. New business grew most strongly among lenders, who in 2017 were rated 21-30 and borrowed 3 billion more than in 2016 - a 40% increase.

Smaller lenders, ranging from 30 to 65, each borrowing less than 500m, recorded 35% increase. Smallest companies - those with less than 50m in loans - are not included in the chart. Lenders rated 11-20 recorded a 15% increase in aggregate credit rates and the top 10 lenders increased by 2%.

The Paragon Group rose from 21 to 19 with a 78% jump in loans to 1.6bn (all numbers round to the next £100m). The Legal and General Home Finance business rose from number 27 to 23 after credit grew by 67% to £1bn. Further lenders with significant credit expansion are Tesco Bank with an upturn of 71% to £1.2bn and Metro Bank with an upturn of 50% to £3bn.

The Foundation Home Loans and Pepper UK each recorded growth of 200% to 0.3bn, up from 47 to 37 in the chart. Nuclear Bank leapt the chart from 63 to 25 with loans of 900 million pounds high, while Vida Homeloans rose from 63 to 34 with 400 million pounds high.

In the top ten ranking of total loans, there was no movement, with all lenders maintaining the same ranking as in 2016, although the biggest lenders recorded more moderate increases. Lloyds Bank, the biggest borrower, increased credit by 7% to 41bn pounds from 2016, but the next three lenders in the chart (Nationwide Building Society, Royal Bank of Scotland and Santander) all recorded lower volume than in 2016 and corresponding losses in equity clout.

Barclays and HSBC recorded an increase in credit and increased shares of the credit markets in places 5 and 6. In 2017 totalled £257bn in loans, up 4% from 2016, which was lower than the 11% increase in 2016. UK Finance Callum Bilbe, Business Research and Data Research Associate, commented in a recent comment: "We're very excited about this:

"In our most recent predictions for the markets, we forecast a total volume of £260 billion for 2018 - an approximate 2% rise. 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. "The uncertainty we have outlined in the past year - not least that of the British business community - remains; it could influence the credit route for the remainder of this year and beyond.

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