Gross mortgage lending market share of leading UK banks 2020

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 84 percent of the market, with the top five alone accounting for 64 percent in 2020. Lloyds Banking Group had the largest market share of gross mortgage lending, with 46 billion British pounds in lending in 2019.

Loans outstanding

In the United Kingdom, almost 1.5 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

In 2020, 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. Across the fixed date terms, all mortgage rates fell in the first quarter of 2021.