Gross mortgage lending market share of leading UK banks 2018

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 80 percent of the market, with the top five alone accounting for 60 percent in 2018. Lloyds Banking Group had the largest market share of gross mortgage lending, with over 40 billion British pounds in lending in 2018.

Loans outstanding

In the United Kingdom, more than 1.4 trillion British pounds is outstanding in mortgage lending to individuals, with the top five mortgage lenders accounting for more than 60 percent of the total amount outstanding.

interest rates

As of September 2019, 10-year fixed mortgage rates were at their third lowest since recording began by the Bank of England. This is particularly good news for first-time home buyers and those remortgaging their property. Across the fixed date terms, all mortgage rates (except 10-year-fixed) fell between June and September 2019. Two-year variable mortgage rates specifically saw a markable fall