The 10 largest mortgage lenders in the United Kingdom accounted for approximately 83 percent of the total market, with the top three alone accounting for 48 percent in 2024. Lloyds Banking Group had the largest market share of gross mortgage lending, with nearly 47 billion British pounds in lending in 2024. HSBC, which is the largest UK bank by total assets, ranked fifth. Development of the mortgage market In 2024, the value of outstanding in mortgage lending to individuals amounted to 1.6 trillion British pounds. Although this figure has continuously increased in the past, the UK mortgage market declined dramatically in 2024, registering the lowest value of mortgage lending since 2015. In 2020, the COVID-19 pandemic caused the market to contract for the first time since 2012. The next two years saw mortgage lending soar due to pent-up demand, but as interest rates soared, the housing market cooled, leading to a decrease in new loans of about 100 billion British pounds. The end of low interest rates In 2021, mortgage rates saw some of their lowest levels since recording began by the Bank of England. For a long time, this was particularly good news for first-time homebuyers and those remortgaging their property. Nevertheless, due to the rising inflation, mortgage rates started to rise in the second half of the year, resulting in the 10-year rate doubling in 2022.

The United Kingdom Mortgage/Loan Broker Market is Segmented by Enterprise Size (Large, Mid-Sized, Small, and Solo Practitioners), Application (Home Loans, Commercial and Industrial Loans, Vehicle Loans, and Other Loans), End-User (Personal, and Businesses), and Distribution Channel (Online, and Offline). The Market Forecasts are Provided in Terms of Value (USD).

Mortgage lending in the UK declined in 2023, with falling by 33 percent year-on-year in the second quarter of the year. In the second quarter of 2024, the value of new mortgage advances increased annually for the first time since the final quarter of 2024, reaching nearly 60.2 billion British pounds. That indicated an uptick in mortgage demand, possibly due to the much anticipated mortgage interest rate cuts.

The mortgage market in the UK declined in 2023, with the value of mortgage lending plummeting by nearly *** billion British pounds from the previous year. That was because of the dramatic increase in mortgage interest, which increased the cost of borrowing. In 2024, gross lending to individuals picked up slightly, reaching ****** billion British pounds.

According to the forecast, the total value of mortgage lending in the United Kingdom (UK) will reach 207 billion British pounds by 2025. House purchases by homeowners comprise the largest share of lending. In 2025, these types of mortgages are expected to reach 123 billion British pounds.

Unlock the potential of the UK equity lending market! Discover key trends, growth forecasts (2025-2033), leading companies, and segment analysis in this comprehensive market report. Explore the impact of fixed-rate loans, HELOCs, and online lending on this booming sector. Recent developments include: In February 2022, Selina Advance, a London-based fintech business, has raised USD150 million in investment to expand its home equity lending solutions to customers across the UK. The round of fundraising, coordinated by global private equity platform Lightrock, included USD 35 million in equity and USD 115 million in loans from Goldman Sachs and GGC to help the company expand across the UK., On February 2, 2022, Santander announced its decision to stop originating residential mortgages and home equity lines of credit (HELOCs) . Santander will continue to service existing home loans and lines of credit received till February 11, 2022.. Notable trends are: Raising Homeownership Rate is Driving the Home Equity Lending Market.

The global mortgage lender market size is projected to grow from USD 14.48 billion in 2025 to USD 30.15 billion by 2033, exhibiting a CAGR of 9.6%.
Report Scope:

This website provides interactive mapping of outstanding residential mortgage lending by postcode sector across Great Britain, as published by individual banks, via the Council of Mortgage Lenders. This first iteration of the website - published in January 2014 - uses the most recent bank lending data, which covers the period up to the end of June 2013. I hope to update the website with future data releases, if I have the time. The map is coloured so that there are roughly the same number of areas in each category displayed in the key to the right. It's important to remember that this data release covers only seven major lenders and about three quarters of the mortgage market - it is not the full story but it does give us interesting insights that were previously not possible. The release did not include mortgage lending data for Northern Ireland, so that's why it's not included here. I've included a large interactive map on the home page and if you click below that you can see a full screen map. I've also added in some tabs which show postcode sectors in and around London, Glasgow, Manchester and Cardiff but if you want to find somewhere else you can easily pan and zoom to it via the big map.

The United Kingdom, Germany, and France were the countries with the largest mortgage markets in Europe in 2024, when considering the value of loans outstanding. In the fourth quarter of the year, the UK had nearly two billion euros worth of mortgages outstanding. Other countries with large mortgage markets included the Netherlands, Spain, Sweden, and Italy - all exceeding 400 billion euros. One of the main drivers of mortgage activity is the cost of borrowing. In 2022, interest rates increased dramatically across Europe. Ireland, and Germany remained among the few countries with an average interest rate under four percent.

The European mortgage and loan broker market is booming, projected to reach €17 billion by 2033 with an 8.12% CAGR. Discover key trends, regional breakdowns, and leading companies shaping this dynamic sector. Find out how online platforms and increased financial literacy are driving growth. Recent developments include: January 2023: OneDome, a UK end-to-end challenger, acquired CMME Mortgage and Protection Ltd. from CMME Group for an undisclosed sum. The acquisition, which involves the integration of CMME Mortgages 65-person team into OneDome, will enable OneDome to dramatically expand its mortgage brokerage capability and support its online clients., June 2023: Barclays (BARC.L) has agreed to buy specialty lender Kensington Mortgage Company for approximately 2.3 billion pounds ($2.8 billion), boosting its presence in the UK property sector.. Notable trends are: The Housing Market's Expansion Drives Up Demand for Mortgage Brokers.

Discover the booming UK mortgage & loan broker market! Our in-depth analysis reveals a £2.88 billion market in 2025, projected to grow at 9.6% CAGR until 2033. Explore key trends, regional insights, and leading companies shaping this dynamic sector. Recent developments include: In October 2023, Deutsche Bank AG announced the completion of its acquisition of Numis Corporation Plc. The integration of both brands' strengths and reputations in the UK and global markets has led to the introduction of 'Deutsche Numis', emerging as a prominent entity in UK investment banking and the preferred advisor for listed companies in the UK., In January 2024, Perenna took a major step forward by becoming a part of the lender panels for several prominent networks and clubs in the UK, such as Mortgage Advice Bureau, Stonebridge, and Legal & General Mortgage Club. This expansion marks a strategic growth initiative for Perenna, with intentions to forge additional partnerships in the coming times.. Notable trends are: The Future of Mortgages in UK is Being Reshaped by Digitization.

Mortgage brokers act on behalf of lenders, primarily helping borrowers arrange mortgage finance for both residential and investment real estate purposes and refinance existing mortgages. Brokers receive commissions on loans arranged for lenders and may charge fees for their services.

The Survey of Mortgage Lenders (SML) was launched on 1st April 1992 to succeed the 5% Sample Survey of Building Society Mortgage Completions (BSM) (See GN:33191). The aims were to improve the survey in three principal ways:
a) to broaden the range of institutions surveyed to incorporate other mortgage lenders in addition to building societies and Abbey National. With the entry of the high street banks and then the centralised lenders into the mortgage market, information provided by the building societies no longer represented the whole market in the way it did when the BSM was set up in the 1960s.
b) to extend its coverage to include further advances, remortgages and top-up loans in addition to first mortgages.
c) to increase the level of detail on the questionnaire especially with respect to the characteristics of the mortgage loan.
An important consideration for users of the data is that the SML figures allow continuity with the BSM survey results to be maintained for a reasonable period.

The outlook for the residential mortgage market remained fairly neutral in 2019. Growth in gross mortgage lending is expected to be around 4.5% in 2020, which is broadly unchanged on 2019. During the forecast period (2019-23), gross advances are expected to record a compound annual growth rate of 5%, reaching £339bn. The supply side has been positively affected by the government’s schemes supporting first-time buyers, while stricter controls on buy-to-let lending will improve matters by reducing investor demand for properties. Read More

Discover the booming European home mortgage finance market! This in-depth analysis reveals a €500B+ market with a CAGR exceeding 6%, driven by demographics, government incentives, and low-interest rates. Explore key trends, segments (home purchase, refinance, providers), and leading companies. Get insights for investment and strategic planning. Recent developments include: November 2022: Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies, today introduced a conventional loan option for Americans interested in purchasing or refinancing a manufactured home., November 2022: The Council of Europe Development Bank (CEB) approved four new loans worth EUR 232.5 million to boost affordable housing and other social sector development. Under this, it offered EUR 25 million in loans to Kosovo to finance the 'Adequate Social Housing Programme' to establish a sustainable social and affordable housing system in the country.. Notable trends are: Increased Number of Salaried Individuals is Driving the Market Growth.

The Europe Mortgage/Loan Broker Market Report is Segmented by Service Type (Residential Mortgage Brokerage, Commercial Mortgage Brokerage, and More), Channel (Traditional Face-To-Face, Online/Digital-Only, Hybrid), End-User (First-Time Buyers, Home Movers, and More), and Geography (United Kingdom, Germany, France, and More). The Market Forecasts are Provided in Terms of Value (USD).

Value of outstanding residential mortgage lending by postcode sector for 9,273 Great Britain postcode sectors.

Areas with a small number of loans cannot be reported because it might compromise individuals' data privacy.

These figures form part of a joint data reporting exercise, covering lending to small and medium enterprises (SMEs), residential mortgages and personal loans, coordinated by the British Bankers' Association (BBA) and the Council of Mortgage Lenders (CML).

Data covering lending to SMEs and personal loans is published by the BBA.

Participating lenders comprise: Barclays Bank, Clydesdale Bank & Yorkshire Bank, HSBC Bank, Lloyds Banking Group, Nationwide Building Society, Santander UK and RBS. Collectively these institutions account for about 60 per cent of bank lending to SMEs, 73 per cent of mortgage lending and 60 per cent of unsecured personal loan markets in Great Britain.

More information from CML website.

The size of the UK Equity Lending Market market was valued at USD XX Million in 2024 and is projected to reach USD XXX Million by 2033, with an expected CAGR of 5.00% during the forecast period. Recent developments include: In February 2022, Selina Advance, a London-based fintech business, has raised USD150 million in investment to expand its home equity lending solutions to customers across the UK. The round of fundraising, coordinated by global private equity platform Lightrock, included USD 35 million in equity and USD 115 million in loans from Goldman Sachs and GGC to help the company expand across the UK., On February 2, 2022, Santander announced its decision to stop originating residential mortgages and home equity lines of credit (HELOCs) . Santander will continue to service existing home loans and lines of credit received till February 11, 2022.. Notable trends are: Raising Homeownership Rate is Driving the Home Equity Lending Market.

The United Kingdom Education/Student Loans Market Report Segments the Industry Into by Type (Federal/Government Loan, Private Loan), by Repayment Plan (Standard Repayment Plan, Graduated Repayment Plan, Revised Pay As You Earn (REPAYE), Income-Based, Other Repayment Plans), by Age Group (24 or Younger, 25 To 34, Above 35), and by End-User (Graduate Students, High School Student, Other End-Users).

United Kingdom Loan Market was valued at USD 267.23 Billion in 2024 and is expected to reach USD 521.67 Billion by 2030 with a CAGR of 8.26%.