Gross mortgage lending market share of leading UK banks 2021

Since 2010, gross mortgage lending in the United Kingdom has seen a steady annual increase. The ten largest mortgage lenders in the UK accounted for approximately 81 percent of the market, with the top five alone accounting for 63 percent in 2021. Lloyds Banking Group had the largest market share of gross mortgage lending, with 56 billion British pounds in lending in 2021.

Loans outstanding

In the United Kingdom, almost 1.6 trillion British pounds is outstanding in mortgage lending to individuals, with the top three mortgage lenders accounting for approximately 45 percent of the total amount outstanding.

Interest rates

In 2021, mortgage rates saw some of their lowest levels since recording began by the Bank of England. This is particularly good news for first-time home buyers and those remortgaging their property. Nevertheless, due to the rising inflation, mortgage rates started to gradually pick up in 2022.