UK’s largest mortgage lenders

UK’s largest mortgage lenders

‘The Big Six’ of UK lenders have 65% of the market share, check out our page to find out what keeps them at the top and how they may be able to help your clients with their mortgage requirements.

UK Finance members, value of gross lending, UK

Lender Rank
(2021)
Lending (£bn)
(2021)
Market share
(2021)
Rank
(2020)
Lending (£bn)
(2020)
Market share
(2020)
Lloyds Banking Group 1 55.9 18.1% 1 46.5 18.9%
NatWest Group 2 36.1 11.7% 2 31.6 12.9%
Nationwide BS 3 35.4 11.5% 3 27.5 11.2%
Santander UK 4 33.2 10.8% 4 26.6 10.8%
Barclays 5 33.0 10.7% 6 22.2 9.0%
HSBC Bank 6 27.3 8.9% 5 24.4 9.9%
Coventry BS 7 10.1 3.3% 8 7.0 2.8%
Yorkshire BS 8 10.0 3.2% 9 6.9 2.8%
Virgin Money Plc 9 9.8 3.2% 7 7.8 3.2%
TSB Bank 10 9.2 3.0% 10 6.1 2.5%
Co-operative Bank plc 11 5.5 1.8% 12 3.6 1.5%
Skipton BS 12 5.1 1.7% 11 4.2 1.7%
Leeds BS 13 4.4 1.4% 14 2.5 1.0%
Bank of Ireland 14 2.2 0.7% 13 3.1 1.3%
OneSavings Bank Plc 15 2.1 0.7% 15 1.8 0.7%
Kensington Mortgages Company 16 1.3 0.4% 18 0.8 0.3%
Metro Bank 17 1.2 0.4% 20 0.7 0.3%
More 2 Life 17 1.2 0.4% 17 1.0 0.4%
Principality BS 19 1.1 0.4% 16 1.2 0.5%
Newcastle BS 20 0.9 0.3% 20 0.7 0.3%
West Bromwich BS 20 0.9 0.3% 20 0.7 0.3%
Legal & General Home Finance 22 0.8 0.3% 18 0.8 0.3%
Pepper Money 22 0.8 0.3% 36 0.2 0.1%
Aldermore Bank 24 0.7 0.2% 23 0.6 0.2%
Aviva Equity Release 24 0.7 0.2% 23 0.6 0.2%
Canada Life 24 0.7 0.2% 26 0.4 0.2%
Atom Bank 27 0.6 0.2% 36 0.2 0.1%
Foundation Home Loans 27 0.6 0.2% 25 0.5 0.2%
Shawbrook Bank5 27 0.6 0.2% 26 0.4 0.2%
Hampshire Trust Bank 30 0.5 0.2% 31 0.3 0.1%
Nottingham BS 30 0.5 0.2% 26 0.4 0.2%
Vida HomeLoans 30 0.5 0.2% 31 0.3 0.1%
Fleet Mortgages 33 0.4 0.1% 31 0.3 0.1%
Hodge 33 0.4 0.1% 36 0.2 0.1%
Paragon Banking Group 33 0.4 0.1% 26 0.4 0.2%
Cumberland BS 36 0.3 0.1% 31 0.3 0.1%
Danske Bank 36 0.3 0.1% 26 0.4 0.2%
Family BS 36 0.3 0.1% 36 0.2 0.1%
Gatehouse Bank 36 0.3 0.1% 36 0.2 0.1%
Just Group 36 0.3 0.1% 31 0.3 0.1%
Keystone Property Finance Ltd 36 0.3 0.1% 36 0.2 0.1%
The Cambridge BS 36 0.3 0.1% 36 0.2 0.1%
Butterfield Mortgages 43 0.2 0.1% 36 0.2 0.1%
Darlington BS 43 0.2 0.1% 50 0.1 0.0%
Furness BS 43 0.2 0.1% 36 0.2 0.1%
Leek United BS 43 0.2 0.1% 36 0.2 0.1%
Monmouthshire BS 43 0.2 0.1% 36 0.2 0.1%
Newbury BS 43 0.2 0.1% 36 0.2 0.1%
Progressive BS 43 0.2 0.1% 36 0.2 0.1%
Saffron BS 43 0.2 0.1% 36 0.2 0.1%
Together Financial Services Ltd 43 0.2 0.1% 50 0.1 0.0%
AIB UK 52 0.1 0.0% 50 0.1 0.0%
Cynergy Bank Limited 52 0.1 0.0% 64 - 0.0%
Dudley BS 52 0.1 0.0% 64 - 0.0%
Ecology BS 52 0.1 0.0% 64 - 0.0%
Hampden & Co 52 0.1 0.0% 50 0.1 0.0%
Hinckley and Rugby BS 52 0.1 0.0% 50 0.1 0.0%
Landbay Partners Ltd 52 0.1 0.0% 50 0.1 0.0%
Lendco Ltd 52 0.1 0.0% 64 - 0.0%
Market Harborough BS 52 0.1 0.0% 50 0.1 0.0%
Molo Tech Ltd 52 0.1 0.0% 64 - 0.0%
Scottish BS 52 0.1 0.0% 50 0.1 0.0%
State Bank of India UK 52 0.1 0.0% 64 - 0.0%
Swansea BS 52 0.1 0.0% 50 0.1 0.0%
Tipton & Coseley BS 52 0.1 0.0% 50 0.1 0.0%
Topaz Finance Ltd 52 0.1 0.0% 50 0.1 0.0%
Vernon BS 52 0.1 0.0% 50 0.1 0.0%


UK Finance members, value of mortgages outstanding, UK 

Lender Rank
(2021)
Balances (£bn)
(2021)
Market share
(2021)
Rank
(2020)
Balances (£bn)
(2020)
Market share
(2020)
Lloyds Banking Group 1 305.7 19.5% 1 292.2 19.5%
Nationwide BS 2 196.0 12.5% 2 191.1 12.7%
Santander UK 3 174.4 11.1% 3 166.4 11.1%
NatWest Group 4 173.0 11.1% 4 163.2 10.9%
Barclays 5 157.7 10.1% 5 147.0 9.8%
HSBC Bank 6 114.5 7.3% 6 107.5 7.2%
Virgin Money plc 7 57.7 3.7% 7 58.1 3.9%
Coventry BS 8 46.6 3.0% 8 43.4 2.9%
Yorkshire BS 9 41.0 2.6% 9 37.3 2.5%
TSB Bank 10 34.7 2.2% 10 30.6 2.0%
Skipton BS 11 21.4 1.4% 11 20.0 1.3%
Co-operative Bank plc 12 19.5 1.2% 13 17.1 1.1%
Leeds BS 13 18.4 1.2% 14 16.9 1.1%
Bank of Ireland 14 17.5 1.1% 12 19.5 1.3%
Topaz Finance Ltd 15 14.9 1.0% 15 16.8 1.1%
OneSavings Bank Plc 16 12.0 0.8% 16 11.4 0.8%
Aviva Equity Release 17 10.3 0.7% 17 9.9 0.7%
Kensington Mortgages Company 18 8.1 0.5% 18 8.2 0.5%
Principality BS 19 8.0 0.5% 18 8.2 0.5%
Paragon Banking Group 20 7.0 0.4% 20 7.4 0.5%
Metro Bank 21 6.5 0.4% 21 7.1 0.5%
Legal & General Home Finance 22 5.9 0.4% 24 5.0 0.3%
Aldermore Bank 23 5.8 0.4% 22 6.0 0.4%
Just Group 24 5.5 0.4% 23 5.6 0.4%
More 2 Life 25 5.2 0.3% 26 4.1 0.3%
West Bromwich BS 26 4.6 0.3% 25 4.4 0.3%
Newcastle BS 27 3.3 0.2% 29 3.0 0.2%
Foundation Home Loans 28 3.1 0.2% 27 3.5 0.2%
Danske Bank 29 2.9 0.2% 30 2.9 0.2%
Nottingham BS 30 2.8 0.2% 30 2.9 0.2%
Bradford & Bingley plc 31 2.7 0.2% 28 3.1 0.2%
Atom Bank 32 2.2 0.1% 32 2.0 0.1%
Canada Life 32 2.2 0.1% 36 1.6 0.1%
Vida HomeLoans 34 1.9 0.1% 36 1.6 0.1%
Family BS 35 1.8 0.1% 34 1.8 0.1%
Shawbrook Bank5 36 1.7 0.1% 40 1.4 0.1%
Cumberland BS 37 1.6 0.1% 36 1.6 0.1%
Pepper (UK) Ltd 37 1.6 0.1% 33 1.9 0.1%
Progressive BS 39 1.4 0.1% 39 1.5 0.1%
The Cambridge BS 39 1.4 0.1% 42 1.3 0.1%
Fleet Mortgages 41 1.3 0.1% 44 1.1 0.1%
Bank of America 42 1.2 0.1% 40 1.4 0.1%
Hampshire Trust Bank 42 1.2 0.1% 54 0.8 0.1%
Monmouthshire BS 42 1.2 0.1% 44 1.1 0.1%
Pepper Money 42 1.2 0.1% 56 0.6 0.0%
Newbury BS 46 1.1 0.1% 47 1.0 0.1%
NRAM Ltd 46 1.1 0.1% 42 1.3 0.1%
Butterfield Mortgages 48 1.0 0.1% 50 0.9 0.1%
CHL Mortgages 48 1.0 0.1% 44 1.1 0.1%
Furness BS 48 1.0 0.1% 50 0.9 0.1%
Saffron BS 48 1.0 0.1% 50 0.9 0.1%
AIB UK 52 0.9 0.1% 47 1.0 0.1%
Hodge 52 0.9 0.1% 59 0.5 0.0%
Leek United BS 52 0.9 0.1% 50 0.9 0.1%
Gatehouse Bank 55 0.8 0.1% 59 0.5 0.0%
Together Financial Services Ltd 56 0.7 0.0% 56 0.6 0.0%
Darlington BS 57 0.6 0.0% 56 0.6 0.0%
Hinckley and Rugby BS 57 0.6 0.0% 55 0.7 0.0%
Keystone Property Finance Ltd 57 0.6 0.0% 66 0.3 0.0%
Melton Mowbray BS 60 0.5 0.0% 61 0.4 0.0%
Dudley BS 61 0.4 0.0% 61 0.4 0.0%
Market Harborough BS 61 0.4 0.0% 61 0.4 0.0%
Scottish BS 61 0.4 0.0% 61 0.4 0.0%
Swansea BS 61 0.4 0.0% 66 0.3 0.0%
Tipton & Coseley BS 61 0.4 0.0% 66 0.3 0.0%
Cynergy Bank Limited 66 0.3 0.0% 71 0.2 0.0%
Hampden & Co 66 0.3 0.0% 71 0.2 0.0%
Vernon BS 66 0.3 0.0% 66 0.3 0.0%
Ecology BS 69 0.2 0.0% 79 0.1 0.0%
Harpenden BS 69 0.2 0.0% 71 0.2 0.0%
Landbay Partners Ltd 69 0.2 0.0% 71 0.2 0.0%
Lendco Ltd 69 0.2 0.0% 79 0.1 0.0%
Manchester BS 69 0.2 0.0% 71 0.2 0.0%
Morgan Stanley Bank 69 0.2 0.0% 66 0.3 0.0%
Stafford Railway BS 69 0.2 0.0% 71 0.2 0.0%
State Bank of India UK 69 0.2 0.0% 71 0.2 0.0%
Tandem Money Ltd 69 0.2 0.0% 71 0.2 0.0%
Molo Tech Ltd 78 0.1 0.0% 81 - 0.0%


1. Lloyds Banking Group

Lloyds merged with Halifax in 2009, Halifax being the UK's first building society who supplied the first mortgage in 1853; a loan of £121 over 13 years at 5% interest. They are the third biggest bank in the UK with 17.4 million customers.

Lloyds say their purpose is Helping Britain Prosper, which they aim to do by creating a more sustainable and inclusive future for people and businesses, shaping finance as a force for good.

2. Nationwide

Established in 1884 as the Co-Op Permanent, it became the Nationwide in 1970, they currently have 9.4 million UK customers.

PRIDE is Nationwide’s set of values, beliefs and behaviours that define their culture. P – putting members and their money first; R – rising to the challenge; I – inspiring trust; D – doing the right thing in the right way; and E – empowering each other.

3. Santander

Launched in the UK market in 2004 and incorporating Alliance & Leicester, Bradford & Bingley and Abbey National in 2009, they currently have 14 million UK customers.

Santander state their purpose is to help people and businesses prosper. They focus on the areas where their activity can have the greatest impact, helping more people and businesses prosper in an inclusive and sustainable way.

4. NatWest Group

Established in 1968 and merged with Royal Bank of Scotland in 2000. Currently the UK’s second biggest bank with 19 million customers.

NatWest state that their purpose is to champion potential, helping people, families and businesses to thrive. They detail that this purpose enables them build long-term value, to invest for growth and to make a positive contribution to society.

5. Barclays

Barclays is the UK’s oldest banking establishment with its roots dating back to 1690, it is also the biggest UK bank with 24 million customers.

Barclays have five company values which they use as their moral compass– Respect, Integrity, Service, Excellence and Stewardship. They state their success as a bank cannot be separated from their culture, and the power of who they are is greatest when bound together by a common purpose and shared values.

6. HSBC

Established in 1836 as Britain and Midland Bank before becoming Hong Kong and Shanghai Banking Corporation in 1865, they currently have 14.5 million UK customers.

HSBC state that they are bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for their customers, our people, their investors, their communities and the planet we share.