CML reveals mid-size lenders increase market share
Posted on August 27th, 2011
Mid-sized lenders increased the volume of mortgages they were offering and their levels of lending, according to the latest Council of Mortgage Lenders (CML) list of gross lending for 2010.
The CML reported that the market share held by mid-sized lenders increased from just over seven per cent in 2009 to 14 per cent in 2010.
CML stated that “the mid-sized lenders seem likely to continue the 2010 trend of increasing their share of new lending … this trend is a welcome development in a market that values consumer choice and market diversity”.
Lloyds Banking Group was the largest mortgage lender in 2010, with an estimated market share of 27.5 per cent, while Santander was placed second in the list and Nationwide BS third, which showed little change from 2009 figures.
The CML reported that the value of buy to let loans had risen by 21 per cent during the second quarter of 2011, bringing the total number to 32,000, which is the highest since the final quarter of 2008.
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Tags: Increase, Lenders Increase
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