This will include most buy-to-let lending as well as home-owner lending.
The aggregate mortgage data, compiled by the CML, covers Barclays, HSBC, Lloyds Banking Group, Nationwide Building Society, Santander UK, RBS, and Clydesdale and Yorkshire Bank, who together represent about 73 per cent of the total mortgage market. These lenders will also publishing their own lending data by postcode on an individual basis.
The British Bankers’ Association is simultaneously publishing a similar breakdown of SME lending and personal loans.
Out of the 10,834 sector postcodes in Great Britain data is being published on 9,030 sector postcodes, covering mortgage lending worth around £885 billion. There are 1,770 sector postcodes where nobody lives, according to 2011 Census results.
In addition, there are 32 sector postcodes where people do live and where participating lenders have mortgages, but aggregate data cannot be reported because it might compromise individuals’ data privacy.
But the CML is also supplying higher level “postal area” data – covering the 120 postal areas of Great Britain. On this basis, there is £891 billion of mortgage lending by the participating lenders, as some of the lending that had to be excluded for data privacy purposes from the more detailed sector breakdown can be included, as well as some lending that could not be attributed to a specific sector postcode.
There are just two sectors where people live but participating lenders do not have mortgages – although the 2011 census data suggests that in both localities there were households with mortgages, which could well be provided by non-participating lenders.
When interpreting these detailed figures, it is important to bear in mind that this postcode reporting exercise initially only covers lenders accounting for around three quarters of the overall mortgage market. With more than 100 active lenders, the mortgage market is fiercely competitive, and this means that local markets may display different market share characteristics.
CML director general Paul Smee commented: “As you would expect, strong levels of mortgage lending are broadly correlated with those areas where there is a strong resident population. While the dataset covers only three quarters of the mortgage lending market, it certainly shows that there are reassuringly few surprises in the postcode distribution of mortgage lending.”
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