Top Ranked Mortgage LendersTop-ranked mortgage lenders
In 2017 total loans amounted to 257bn, an increase of 4% on 2016 - a lower pace of increase than the 11% in 2016. Retail organization figures showed that the increase in new loans was the highest among the lenders ranked 21-30 in 2017, borrowing 3 billion pounds more than the 21-30 group in 2016 - a 40% upturn.
Lloyds, Barclays and HSBC increased their loans by 2.7bn, 2.5bn and 2.6bn respectively, with increases in equity of 0.4%, 0.6% and 0.8% respectively. Throughout the country, credit fell by 3.6bn, resulting in a 2% decline in UK franchise. In addition, there have been some remarkable results from small and medium-sized lenders. The Metro Bank crossed the 3 billion threshold when it added a further 1 billion to its total loans - an up 50% to keep up with the rank 16.
The Paragon Bank recorded a 78% growth in credit growth from the 21 to the 19, Legal and General also made a significant leap from 27 th to 23 th, after credit growth of 67%. Meanwhile, Foundation Home Loans and Pepper both matched their loans to reach 300 million and bring 10 places to 37.
In 2015, medium-sized lenders in particular grew by 56% with an rise in the volume of loans per year.
In 2015, medium-sized lenders in particular grew by 56% with an rise in the yearly credit portfolio. However, in 2016, these medium-sized lenders recorded a softer pace of economic expansion, and it was the turn of those in the next higher category - those ranked 21-30 in terms of credit size - who made progress.
In 2016, the percentage of new loans from the top 10 companies stayed constant at 84%. 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, including the most accurate mortgages with 54% credit increase, Metro Bank (67%), Fleet Mortgages (150%) and Legal & General Home Finance (200%).
Total exposure in 2016 amounted to 245bn, up 11% from 2015, a slightly higher pace of increase than the 9% recorded in the previous year. There are sixty lenders listed in the CML's chart for 2016 total exposure (companies that lend over £50 million) compared to 55 in the previous year.