Thursday, September 9, 2010

Top five lenders claim 82% of lending

Top five lenders claim 82% of lending: "Top five lenders claim 82% of lending
Mortgage Solutions | 09 Sep 2010 | 14:38
Kay McLellan

The five largest lenders in the UK accounted for 82% of all mortgage lending activity in 2009, according to the CML.

The concentration of gross lending among the top five largest firms has significantly intensified since the advent of the credit crunch, rising from 64% in 2007.

The CML said that further consolidation in the market would ensure the current trend continues into the long term.
The top five comprised of Lloyds Banking Group, Santander, Nationwide, Barclays and RBS.
Lloyds claimed top spot, taking 28% market share of all outstanding mortgage balances at �346bn and 24.1% market share of gross mortgage lending in 2009 at �34.7bn."

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