Mirror, mirror, on the wall;
who is the biggest of them all?
The UK mortgage industry is huge. Last year, UK financial institutions held about £1.2 trillion of mortgage loans. In 2007 alone, banks and building societies pumped out a further £364 billion in gross mortgage lending.
So which banks are behind this huge growth in housing credit? HBOS tops the list, taking about 20 percent in both amounts outstanding and gross lending.
It is no surprise to see a few troubled banks high on the list; Northern Rock is close to the top; the B&B are there, along with the A&L.