Lloyds Banking Group snatched the top spot in the annual ranking for buy-to-let lending from Nationwide, according to UK Finance data, while keeping its first place for residential loans.
The high street lender’s gross residential mortgage lending in 2022 came in at £52.7bn, down 4.4% from the year before, despite its market share falling 1.3% over that time to 16.8% from a year ago.
Its landlord lending hit £7.5bn, jumping 10.3% from a year ago, replacing Nationwide which took second place. However, the bank’s market share slipped by 0.8% to 13.1%.
The highest change in the residential lending table sees Virgin Money move up two places to seventh spot with £10.5bn of new mortgages, replacing Coventry Building Society, which falls to ninth.
Another notable change in the BTL lending table sees NatWest jump four places to third spot with £5.9bn of landlord loans replacing Santander UK, which falls to fifth.
The top ten lenders for residential mortgage loans are:
Rank Lending (£bn) Market share Rank Lending (£bn) Market share Lender (2022) (2022) (2022) (2021) (2021) (2021) Lloyds Banking Group 1 52.7 16.8% 1 55.9 18.1% NatWest Group 2 41.5 13.2% 2 36.1 11.7% Nationwide BS 3 37.8 12.1% 3 35.4 11.5% Santander UK 4 35.7 11.4% 4 33.2 10.8% Barclays 5 29.7 9.5% 5 33.0 10.7% HSBC Bank 6 27.5 8.8% 6 27.3 8.9% Virgin Money Plc 7 10.5 3.3% 9 9.8 3.2% Yorkshire BS 8 9.8 3.1% 8 10.0 3.2% Coventry BS 9 8.9 2.8% 7 10.1 3.3% TSB Bank 10 7.0 2.2% 10 7.2 2.3%The top ten lenders for BTL loans are:
Rank Lending (£bn) Market share Rank Lending (£bn) Market share Lender (2022) (2022) (2022) (2021) (2021) (2021) Lloyds Banking Group 1 7.47 13.1% 2 6.75 13.9% Nationwide BS 2 6.55 11.5% 1 7.43 15.3% NatWest Group 3 5.86 10.2% 7 2.15 4.4% OneSavings Bank Plc 4 3.56 6.2% 5 2.89 6.0% Santander UK 5 3.14 5.5% 3 4.25 8.8% Coventry BS 6 2.83 4.9% 4 3.29 6.8% Yorkshire BS 7 2.74 4.8% 11 1.15 2.4% Barclays 8 2.64 4.6% 6 2.38 4.9% Paragon Banking Group 9 2.09 3.7% 9 1.72 3.5% Virgin Money Plc 10 2.05 3.6% 8 2.11 4.3%Source: UK Finance
In terms of outstanding balances, Lloyds Banking Group was again top with a balance of £309.5bn and a market share of 19%, down 0.5% from a year ago.
In second place was Nationwide Building Society, with a balance of £203.6bn and an unchanged market share of 12.5%, followed by NatWest Group in third with a balance of £186.8bn and 11.5% of the market, down 0.4% from 12 months ago.
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