UK Mortgage Market

Mortgage Report. UK Credit Card Report. The UK Inflation report for 2006.

The UK market for mortgage finance has grown by 4% since 2003 to reach a value of £278 billion (US$514 billion) in 2004.

HBOS was the dominant player in 2004, with a market share of 22%.

Advertising expenditure for the top four players amounted to around £782 million in 2004.

The Mortgage market is fairly concentrated with the top 5 players accounting for 57% of the market in 2004.

HBOS Plc increased its turnover by 14.3% in 2004 to £10.2 billion, with profits before tax reaching £4.8 billion.

Abbey National increased its turnover by 9% in 2004 to £2.6 billion, with profits before tax reaching £273 million.

Lloyds TSB Group’s turnover decreased by 3% in 2004 to £9.6 billion, with profits before tax reaching £2.5 billion.

Nationwide increased its turnover by 7% in 2004 to £1.3 billion, with profits before tax reaching £427 million.

In 2004, banks constituted the largest mortgage lender accounting for 60% of all gross mortgage financing.

Mortgage Help

If you are looking for help with your Debt there are four reputable organisations that can help you with your debt planning etc. in the UK. These are National Debtline, Business Debtline, Consumer Credit Counselling Services and Citizens Advice.

UK Mortgagez tries to offer the best debt advice on the internet in the UK.

Here are more British Mortgage information websites. A full list of English Cities, Welsh Cities and Scotish Cities with appropriate mortgage information has also been provided.