Top 10 Mortgage Companies UK

These are some of the top 10 mortgage bank and building society lenders in the UK

1. Halifax Building Society (21%)

• Offers a range of mortgage products from repayment to interest only
• Halifax has merged with Bank of Scotland to form HBOS.
• HBOS controversially taken over by Lloyds TSB in Jan 2009 becoming part of Lloyds Banking group. The combined bank will have a dominant market position and was only allowed due to governments reluctance to nationalise another bank.
• Buy to Let mortgage available through subsidiary: Birmingham Midshires
• Offset Mortgages available through: Intelligent Finance
• Halifax Mortgagesat Halifax.co.uk

2. Abbey National 28%

• Owned by Spanish division – Santander, Abbey has been the fastest growing mortgage lender in the credit crunch. By 2008, it had increased its market share from 8% (2004) to 28%
• Includes flexible mortgages
• • Abbey National

3. Nationwide (20%)

• In Terms of Market share, Nationwide are probably the second largest mortgage lender in the UK
• Mortgages at the Nationwide

4. Northern Rock (15%)

• Recently hit by problems in the money market, northern Rock were one of the biggest 5 mortgage lenders, but since nationalisation have been struggling to improve their finances.

5. Woolwich Building Society (11%)

• Now owned by Barclays bank (since 2000). The Woolwich is one of the biggest mortgage lenders in the UK. Barclays concentrates on banking and loans, Woolwich on mortgages
• Can combine savings and mortgage in offset mortgage
• Woolwich Mortgages at Woolwich.co.uk

6. Bradford and Bingley (8%)

Specialists in buy to let mortgage. But since credit crunch, mortgage book has been nationalised

• Mortgages at the Bradford and Bingley

7. HSBC

• The World’s Local Bank
• Mortgages include fixed rate, Discount and Tracker
• HSBC Mortgages

8. Royal Bank of Scotland

• Royal Bank of Scotland Mortgages

9. Lloyds TSB

• Work in partnership with Cheltenham & Gloucester (C&G) -part of the Lloyds TSB Group.
• Lloyds TSB Mortgages

10. Alliance & Leicester

• Premier mortgage deals for existing and new customers
• Abbey National Mortgages

 

Other Significant Mortgage Lenders

Yorkshire Building Society

• Mortgage Magazine "lender of the Year" 2005-2006
• Yorkshire building society mortgages

Chelsea Building Society

Includes "helping hand" mortgage for those struggling to be able to get first time house

• Chelsea Building Society mortgages

Co – operative Bank

• The ethical financial body
• For each mortgage, contribution made to charity climate aware
• Co operative Bank Mortgages