Summary
SPECIALIST lenders have overtaken building societies for mortgage market share, according to new figures from the Bank of England. The up-and-coming sector of specialist mortgage providers - such as Kensington Mortgages and Mortgage Express - saw its share almost treble from 9.7 per cent in 2001 to 24.6 per cent this year.
Building societies claimed 19.2 per cent of the market five years ago and, while their share has remained almost static at 17.8 per cent this year, they have suffered from a heavyweight advertising campaign from the specialists.See the full content of this document
Extract
New Kids On the Block Booming
But banks have been the bigges...
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