Lloyds Banking Group remains largest mortgage lender

Lloyds Banking Group retained its title as the UK's largest mortgage lender in 2012, although its market share and gross lending figures both dipped. Gross lending fell from £28bn in 2011 to £26.2bn in 2011, while its market share reduced marginally from 19.8% to 18.3%. The six largest lenders - Lloyds Banking Group, Nationwide Building Society, Barclays, HSBC, Santander and Royal Bank of Scotland - all reduced their lending in absolute terms, falling from £117 billion in 2011 to £111 billion last year. Both Nationwide and HSBC strongly grew their lending (by 24%). The other four all shrank their new business volumes, most significantly Santander which saw a planned contraction in gross lending of 38%. August 30, 2013