Several mortgage companies in UK provide a diversified range of mortgage services to consumers in UK. Additionally, mortgage companies in UK are a kind of mortgage lender who works as an investor that lends money secured by a mortgage on real estate. Mortgage companies in UK sell the loans they write on the secondary mortgage market. The revenue earned through selling the mortgage is called Service Release Premium.

Mortgages are registered or recorded against the title with a government office, as a public record; therefore, a buyer cannot unwittingly buy property subject to a mortgage. However, the borrower has the right to have the mortgage discharged from the title once the debt is paid. Notwithstanding, the purpose of the loan is for the borrower to purchase that same real estate for which he has taken a loan from a lender in UK.

Leading mortgage companies in UK

Halifax Building Society

Wresting a major portion in the mortgage market of UK, Halifax Building Society offers a comprehensive range of mortgage products from repayment to interest only to consumers in the country. Now merged with the Bank of Scotland to form HBOS, the latter has been taken over by Lloyds TSB in Jan 2009 and now it is a proud part of Lloyds Banking group. The development at the society will lead to dominance in mortgage market in UK. More information can be reached out at Halifax. co. uk.

Abbey National

One of the fastest growing mortgage companies in UK, Abbey National is owned by Spanish division called Santander. Earlier it was a United Kingdom-based bank and former building society which now has been rebranded as Santander on 11 January 2010 along with Bradford & Bingley’s savings business with the business becoming Santander UK plc.

Nationwide Building Society

A leading mortgage company in UK, Nationwide Building Society is a British building society which apparently has the largest share in housing market of the country. Head quartered at Swindon, England, the company maintains a significant administration centre in Northampton. Renowned company which once offered completely fee-free transactions to consumers, Nationwide is easily accessible mortgage firm in UK.

Northern Rock

Enjoying a powerful presence in mortgage market in UK, Northern Rock is a British bank which is under public ownership from 2008. Headquartered at Regent Centre in Newcastle upon Tyne, United Kingdom, Northern Rock came into existence in 1997, was known as the Northern Rock Building Society. Now, there are two parts of Northern Rock, e. g. the bank, Northern Rock plc, and a separate asset company, Northern Rock (Asset Management) plc.

Woolwich Building Society

Established in 1847, Woolwich Building Society is one of the first ‘permanent’ building societies in UK. The company enjoyed the monopoly over the mortgage market in UK for quite some time. From 2000 onwards, the Woolwich Building Society has been owned by Barclays bank. Currently the firm concentrates on banking and loans, mortgages, etc. Extensive information can be obtained at www. woolwich. co. uk

Bradford and Bingley

Enjoying a share of more than 8%, Bradford & Bingley plc is a British bank with headquarters in the West Yorkshire town of Bingley. Thanks to economic recession, the bank was nationalized in the year 2008. Now, there are two parts of Bradford and Bingley e. g. the mortgage book which is under the control of Nationalized Bradford & Bingley plc; on the other hand, the deposits and branch network (and a license to use the B&B name for those aspects) is with Abbey National plc.

HSBC

Called the world’s local bank, HSBC Holdings plc is a United Kingdom-based public limited company. The company has its head quarter at London. According to Forbes magazine, HSBC is the world’s largest banking group and the world’s 8th largest company. The bank offers a comprehensive range of mortgage services to consumers which includes mortgage on fixed rate, discount and tracker amongst others.

Royal Bank of Scotland

One of the leading mortgage companies in UK, the Royal Bank of Scotland plc is a retail banking subsidiaries of the Royal Bank of Scotland Group plc. Along with NatWest and Ulster Bank, RBS provides branch banking facilities all across UK. With more than 700 branches, RBS has major operations in all parts of England and Wales.

Lloyds TSB

It is a part of Lloyds TSB group, Lloyds TSB works in partnership with Cheltenham & Gloucester (C&G).

Alliance & Leicester

The company offers premier mortgage deals in UK to existing and new customers which are not only attractive but have multiple options for paying back.