Lloyds Banking Group PLC (LON:LLOY) remained the market leader in UK mortgages last year but lost some its share to other lenders, according to industry data.
The bank’s market share of mortgages fell to 21.2% last year from 22.1% in 2016, said UK Finance. Lloyds had mortgage balances of £290.3bn last year, compared to £293.0bn the previous year.
Nationwide Building Society was the second biggest mortgage lender with a market share of 12.9% in 2017, unchanged from the prior year.
In third place was Santander UK despite its market share falling to 11.3% from 11.6%.
READ: Lloyds to reportedly operate from three European subsidiaries after Brexit
Royal Bank of Scotland PLC (LON:RBS) overtook Barclays PLC (LON:BARC) to become the fourth largest lender after growing market share to 10.0% from 9.6%.
Barclays had a 9.6% share of the market in 2017, compared to 9.7% the previous year.
HSBC Holdings PLC (LON:HSBA) grew its market share to 6.0% from 5.8%.
Today we published our data showing mortgage lending by our mortgage members in 2017: https://t.co/37ZG2bsui7 This chart shows growth in gross lending for peer groups, 2016-2017. pic.twitter.com/22maVPQaAc
— UK Finance (@UKFtweets) 18 July 2018