New data released on mortgage lending by postcode

The major mortgage lenders have published details of their total outstanding residential mortgage lending (including most buy-to-let lending as well as home-owner lending) broken down over 9,030 postcode sectors across Great Britain.

The aggregate mortgage data, compiled by the CML, covers Barclays, HSBC, Lloyds Banking Group, Nationwide Building Society, Santander UK, RBS, and Clydesdale and Yorkshire Bank, who together represent about 73% of the total mortgage market.

The CML are also supplying higher level "postal area" data – covering the 120 postal areas of Great Britain in order to give a clearer picture than the granular detail can provide.

CML director general Paul Smee comments: "As you would expect, strong levels of mortgage lending are broadly correlated with those areas where there is a strong resident population.

“While the dataset covers only three quarters of the mortgage lending market, it certainly shows that there are reassuringly few surprises in the postcode distribution of mortgage lending."

To view the data please click here.

Do you think the data is a useful exercise? Will you be using it to determine business focus?

Today's Conveyancer