Mortgage News

TSB lifts mortgage market share but profit drops

Tuesday 24th of August 2010

According to its June quarter general disclosure statement, TSB's mortgage book grew $56.6 million to $2.24 billion in the three months.

Using Reserve Bank figures as a proxy for the market, TSB's share of mortgages written by registered banks rose to 1.36% at June 30 from 1.33% at March 31 and from 1.22% at June 30 last year.

Of TSB's mortgage book, 17.1% had loan-to-valuation ra...

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