Lloyds Banking Group retained the top mortgage lender spot last year with a 30.3% share of the market, compared to 28.2% in 2007, Council of Mortgage Lenders figures show.
According to the CML's table of top mortgage lenders, the bank's gross mortgage lending fell to £78bn in 2008 from £102.5bn in 2007. The CML re-worked the data as if the Lloyds merger, which took place in 2008, had occurred earlier to make a comparison of figures in 2008 and 2007 more meaningful. Santander retained its position as the second largest lender, having acquired the Abbey brand and having taken over the Alliance & Leicester mortgage book last October. Nationwide was in third place and Barclays in fifth. Northern Rock dropped from fourth place to eleventh, with gross m...
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