Finding the UK's best mortgage lenders
To buy a home, you’ll need to borrow money from a mortgage lender. It used to be the case that you’d have to go to a building society to get a mortgage, but these days most banks offer mortgage products for home owners.
In fact, there are more than 90 mortgage lenders on the market, who together offer over 11,000 deals.
You might hear mention of ‘major lenders’ and ‘specialist lenders’.
Major lenders include what’s commonly referred to as ‘The Big Six’ - that’s Lloyds (including Halifax), Nationwide, Santander, RBS, Barclays, and HSBC - because these six lenders collectively account for the majority of all mortgage lending in the UK. 1
Specialist lenders, such as Kensington and Aldermore, offer mortgage deals suitable for those who are self-employed or with poor credit histories.
Online lenders, such as Digital Mortgages, are newer entrants to the market. They typically provide residential mortgages, but offer a purely digital experience rather than using call centers or branches.