Building societies mortgage lending: balances outstanding in the UK 2017-2019

Building societies, unlike banks, are not listed on the stock market and thus, don't have external shareholders. Instead, the shareholders and decision makers of building societies are the investing members. Building societies offer many traditional banking products and financial services such as mortgage lending, savings, and current accounts.

Mortgage lending by building societies in the United Kingdom (UK)

As of November 2019, the monthly value of residential mortgage lending by building societies in the UK reached levels of approximately 5.4 billion British pounds, which was approximately one billion British pounds less compared with November 2018. The fluctuation in lending can also be seen in the number of mortgage loan approvals.

Mortgage lending in the UK

The UK is the biggest residential mortgage market in Europe, worth almost 1.6 trillion euros. Building societies rank among the largest mortgage lenders by market share together with the leading UK banks. Nationwide Building Society, for example, held second place after Lloyds Banking Group with 13 percent of gross lending in 2018 – less than three percent below the market share of Lloyds.

Mortgage balances outstanding by building societies in the United Kingdom (UK) from January 2017 to September 2019

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Source

Release date

November 2019

Region

United Kingdom

Survey time period

January 2017 to November 2019

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