Mortgage News
Third of brokers placing more cases through big lenders
Over a third of brokers say they are placing significantly more business through the top five intermediary lender brands than a year ago.
Following the financial crisis smaller lenders and building societies started to take an increasing share of the market but big lenders – Lloyds, Nationwide, Barclays, Santander and NatWest – appear to be fighting back.
In the latest Mortgage Solutions People’s Poll 38% of brokers said they were placing significantly more business through these providers than a year ago.
A further 25% said they had seen a small increase in mortgages placed with these lenders.
Last week Barclays has posted a 33% rise in its mortgage lending while Lloyds saw a 44% increase in the same period.
Barclays completed £10.2bn mortgage lending in the first six months of 2014, while the whole Lloyds group advanced £19.8bn between January and June.
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However, not all brokers have seen the benefit with 25% saying their business proportions have not changed while 12% said they were placing fewer cases with the big lenders than a year ago.