CML publishes top 20 lenders list
Lending remains heavily concentrated across the six largest lenders (Lloyds Banking Group, Santander, Barclays, Nationwide BS, The Royal Bank of Scotland and HSBC).
Lloyds Banking Group tops the 2011 list with a 19.9% market share.
The six largest lenders advanced mortgages worth £113.8 billion in 2011, up from £110.8 billion in 2010.
Despite this increase the share the big six have has shown a modest decline from 81.9% to 80.7%.
The medium sized lenders increased their market share year on year with the next five largest lenders increasing from 9.9% in 2010 to 13.2% last year.
In absolute terms, the amount they advanced increased to £18.7 billion from £13.3 billion in the preceding year.
The larger mutual lenders also saw their share increase with Nationwide, Yorkshire, Coventry, Skipton and Leeds building societies all increasing their shares.
The question is – what will this list look like this time next year?
With the Co-operative announcing this week that they are expanding to nearly 1000 branches and the ambition of new players like Virgin Money, Marks and Spencer and Tesco Banking will there be change at the top?
To see the full data please visit http://www.cml.org.uk/cml/publications/newsandviews/118/441