High street lender Abbey reports today that its market share of gross mortgage lending has increased by 2.8% to 12.6% in the third quarter of this year.

The figures are compared to the same quarter in 2007.

Abbey has stated that its remortgage lending is its strongest area, with remortgage deals making up 64% of its gross lending this quarter compared to 48% in the third quarter of 2007.

Antonio Horta-Osorio, chief executive of Abbey’s parent The Santander Group, said:

“The quality of our lending continues to be based on affordability and robust risk management.”