Record Mortgage Market Share for Northern Rock
Bank has its largest ever market share in first half of 2005
29th July 2005
Northern Rock has reported a record share of the mortgage market for the first half of the year, up to 14.2% from 11.2% 12 months ago. Its total net lending was £6bn, also a record.
The bank's products have been widely featured in best buy tables, and have been attracting customers from other banks whose 2 year fixed rate deals are coming to an end.
Profits were also up, rising 13% to £239.2m.
Provision for bad debt in mortgages fell, while rising for unsecured loans, and the total provision is £25m.
Read More: Money Guardian
|
Products from Northern Rock : Unsecured Loans |
Home - Mortgages
