Lloyds Banking Group lent almost one fifth of new mortgages last year, figures from the Council of Mortgage Lenders show.
Gross lending experienced strong growth last year, with a total of £203bn being lent – representing a 14% increase on 2013, but still far behind the £357bn lent in 2007.
Between them, Lloyds, Santander, Nationwide, Barclays, RBS and HSBC had 74% of mortgage market share last year.
In total Lloyds lent £40.3bn last year, representing 19.8% of the market share. Santander jumped into second place, ahead of building society Nationwide, and lent £27.5bn, or 13.5%.
Nationwide lent £26.9bn, equating to 13.2% of market share. In fourth place, Barclays had 10% of the market share, lending £20.3bn, RBS 9.7% (£19.7bn), and HSBC made up the top six after lending £12.6bn – 6.2% of the market share.
Although the big six saw growth of 17%, those ranked seventh to 20th saw much stronger growth – by 46% overall.
Four lenders experienced significant growth in volumes, resulting in each moving a number of places up the lending table. Bank of Ireland doubled its lending, while OneSavings Bank (88%), Paragon (75%) and Clydesdale (61%) also saw strong increases in volume.
The CML expects new mortgage lending to grow to £209bn this year and £230bn next year.
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