Banks now dominating the mortgage market as building societies lose share

first_img Banks now dominating the mortgage market as building societies lose share KCS-content Tuesday 21 September 2010 8:08 pm whatsapp whatsapp Sharecenter_img Banks are dominating the mortgage market, findings by Datamonitor reveal. Outstanding mortgage balances grew by £145.6bn for banks while building societies saw balances shrink by more than £18bn.Datamonitor’s study of Competitive Dynamics in the UK Mortgage Market 2010 shows that the top six banks increased their share of gross lending to 85 per cent. The figures represent signs of positive growth in the mortgage market but indicate a shift in how difficult it has become for building societies to compete.Daoud Fakhri, analyst at Datamonitor, sees the findings as a consequence of the government bailout at the peak of the financial crisis.He said: “Banks have been able to borrow from the state at advantageous rates which building societies haven’t had access to.”He added: “Most people would have expected building societies to emerge from the credit crisis in a stronger position than banks. It seems that although they didn’t engage in high-risk lending which contributed to the banking crisis they have still suffered.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Show Comments ▼ More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 Tags: NULLlast_img

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