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Lloyds keeps lending top spot

Lloyds Banking Group retained its position as the biggest mortgage lender in 2010 with £30bn of gross mortgage lending and a 22 per cent market share.

It is slightly down on the figures for 2009, when lending stood at £34.7bn and market share was 24.2 per cent.

Santander took second place with a 17.8 per cent market share, down from 18.4 per cent in 2009. Barclays came third with a 12.4 per cent market share followed by The Royal Bank of Scotland, Nationwide Building Society and HSBC. ING moved from 23rd place in 2009 to 13th.

The top six lenders accounted for an estimated 81.5 per cent of the total volume of lending undertaken last year against 83 per cent in 2009. Saffron and Cambridge building societies were new entrants in the CML top 30, along with UBS, Aldermore Mortgages and Market Harborough Building Society.

First Action Finance head of communications Jonathan Cornell says: “I think Lloyds will still hang on to its top spot this year. It looks like the group’s appetite to lend has demonstrably increased since Antonio Horta-Osario arrived.”

Lentune Mortgage Consultancy director Stuart Gregory says: “I think this time next year, Santander will make big inroads into what Lloyds is doing.”


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