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Lloyds loses UK mortgage market share but remains biggest lender, UK Finance reveals

Published: 23:04 18 Jul 2018 AEST

Lloyds
Lloyds had mortgage balances of £290.3bn last year

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%. 

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