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Barclays grabs its biggest ever share of the mortgage market

Barclays Branch London 480

Barclays’ grabbed its biggest ever share of the UK mortgage market in 2012, advancing 12.8 per cent of all mortgages.

In 2011, the bank had 12.1 per cent of the UK mortgage market.

Gross new lending totalled £18.2bn in 2012, up from £17.2bn the year before, contributing to a 6 per cent annual rise in mortgage balances, from £107.8bn to £114.7bn.

New net lending rose from £6.5bn in 2011 to £7.2bn in 2012.

The average LTV of Barclays’ mortgage portfolio stood at 46 per cent in 2012 while the average LTV of new mortgage lending was 56 per cent.

Barclays managing director for mortgages Andy Gray says: “With one in eight mortgages coming from Barclays, this demonstrates how we are helping people to move, remortgage or take their first step onto the housing ladder. We will continue our commitment to helping more buyers across both intermediaries and directly through our branch network this year.”

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  1. Not really surprising.

    Shabby For Intermdiaries has invented new methods of self-immolation whilst Virgin on the ridiculous has more internecine rules than the FSA

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