The top ten
mortgage lenders list in the UK is beginning to resemble a who’s who of
building societies, according to fresh data from Moneyextra.com.
According to the website, three building societies now sit alongside
Nationwide in the top ten
mortgage lenders for the month of September, with three of these in the top five. This is the first time this situation has arisen in the last 18 months.
The website predicts the changes are down to rising
interest rates . Robin Amlot, of Moneyextra, reportedly said: "It’s early days yet but it’s possible that, against the backdrop of rising
base rates, building societies may once again be able to play their strengths – focussing on delivering quality deals to members without having to worry about generating returns for shareholders."
The three building societies joining Nationwide in the top ten are
Skipton,
Portman and
Coventry . The top ten list went as follows:
1. Nationwide
2.
Woolwich
3. Coventry
4.
First Active
5. Skipton
5. Equal -
Alliance and Leicester
5. Equal -
Northern Rock
8.
Mortgage Trust
9.
Abbey
10. Portman
Whether further
interest rate rises will impact significantly on the top ten list of mortgage lenders remains to be seen.
