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Wednesday, 3 April 2013
Building societies almost double mortgage market share
Building societies now constitute 21.5% of the gross mortgage lending market - nearly double their financial crisis level, according to new analysis by housing investment and shared equity mortgage provider, Castle Trust.
In 2009 their share of gross mortgage lending dwindled to just 12.9% - the lowest in over a decade – as lending was restricted. But lending has now recovered strongly and is close to the 22.6% achieved in 1999.