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A number of posters, including myself have had incredibly bad experiences of Santander. Do a search on the forum.
Santander Isa just seen an advert
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#17
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Posted 02 April 2012 - 05:34 AM
Byron, on 01 April 2012 - 11:33 PM, said:
A number of posters, including myself have had incredibly bad experiences of Santander. Do a search on the forum.
I've have a much worse opinion of Halifax. I've been with santandire for 3 years now and only experienced mild incompetence.
Remember that buying a house is a highly leveraged investment and can result in losses that exceed your initial deposit. Buying a house may not be suitable for everyone, so please ensure that you fully understand the risks involved.
"The time to buy is when blood is running in the streets" Baron Nathan Rothschild
"The time to buy is when blood is running in the streets" Baron Nathan Rothschild
#18
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Posted 02 April 2012 - 06:00 AM
Pent Up, on 02 April 2012 - 05:34 AM, said:
I've have a much worse opinion of Halifax. I've been with santandire for 3 years now and only experienced mild incompetence.
I have had lots of problems with Santander, as has my wife who has recently received 2 gift baskets from them for serious errors on her bank account.
I was talking to a Spanish colleague at work the other day who says they have just as bad a reputation in Spain.
Their UK operation has got a bit better but not much, they are the only UK bank I know who can have their ATM network down for several days in a row and not treat this as a serious problem
#19
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Posted 02 April 2012 - 07:37 AM
Been with Santander since A&L takeover. Not a. single problem. So far.
#20
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Posted 02 April 2012 - 07:46 AM
Halifax have treated me so badly in the past I told them I was minded to skip their internal complaint procedure, skip the financial services ombudsman, and go straight to the fraud squad. They created a direct debit without authority on an HSBC account of mine (possible, using something called AUDDIS) and used it to debit money I didn't owe them. If an individual did that they'd be looking at jail time.
The first call centre person I spoke to was very dismissive but as I climbed the management tree they got more and more concerned and ended up paying me some ex gratia cash - so I'm still with them.
The first call centre person I spoke to was very dismissive but as I climbed the management tree they got more and more concerned and ended up paying me some ex gratia cash - so I'm still with them.
#21
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Posted 03 April 2012 - 08:03 AM
I've been with Santander (and before that Abbey) for the past 15 years and have never had any problems banking with them. Their online banking has always worked for me, and it only took a phonecall to update 2 of my existing Santander cash ISA's to their new 2yr 4% fixed rate deal.
#22
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Posted 11 April 2012 - 11:21 AM
Not great news regarding Santander and default insurance costs
http://uk.reuters.co...E83A08F20120411
http://uk.reuters.co...E83A08F20120411
#23
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Posted 11 April 2012 - 11:38 AM
Strange. Santander have been steadily issuing new shares since they took over A+L etc.
Their share price remained steady until recently.
Their share price remained steady until recently.
#24
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Posted 11 April 2012 - 03:03 PM
inflating, on 11 April 2012 - 11:21 AM, said:
Not great news regarding Santander and default insurance costs
http://uk.reuters.co...E83A08F20120411
http://uk.reuters.co...E83A08F20120411
Which is why I wouldn't put more than £85K, per person, into any bank in the current economic climate.
.
See Below:
It looks to me like there is a massive coordinated attempt by the various VIs to engineer a spring bounce by press releases and trolling popular Internet forums such as this.
Following the reported 1.9% monthly rise from a government controlled lender and the (expected) 0.5% rate cut, this forum seems to be targeted by bulls, many joining in the last few day to talk up the market.
The general drift seems to be... 'Savings accounts are paying a pittance so get into property now and pick up a bargain'.
I wonder if the various EA and lenders associations are emailing their members, suggesting that joining this forum to talk up the market would be a good idea.
Note: The above was posted in late January 2009, the following is updated as and when required.
See Below:
It looks to me like there is a massive coordinated attempt by the various VIs to engineer a spring bounce by press releases and trolling popular Internet forums such as this.
Following the reported 1.9% monthly rise from a government controlled lender and the (expected) 0.5% rate cut, this forum seems to be targeted by bulls, many joining in the last few day to talk up the market.
The general drift seems to be... 'Savings accounts are paying a pittance so get into property now and pick up a bargain'.
I wonder if the various EA and lenders associations are emailing their members, suggesting that joining this forum to talk up the market would be a good idea.
Note: The above was posted in late January 2009, the following is updated as and when required.
#25
- Two men who have robbed savers
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Posted 11 April 2012 - 03:38 PM
Bruce Banner, on 11 April 2012 - 03:03 PM, said:
Which is why I wouldn't put more than £85K, per person, into any bank in the current economic climate.
If a big one went down could it be like this?
Where are you going to keep moving your £85k's?
If you say "democorruptcy" quickly, it sounds a bit like "democracy". In a "democracy" people vote for politicians who represent their interests. In the UK's "democorruptcy" people can only vote for expense fiddling thieving MPs who are in the hip pocket of big business and the finance sector.
The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR and interest rates swaps are now being paid by savers so that bankers can keep pocketing bonuses.
"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%
If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
http://classiclit.ab...en-Part-2_4.htm
Did you recognise the two robbers in my avatar? Clue: One got a knighthood and inflation linked pension, the other a 150 year prison sentence.
The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR and interest rates swaps are now being paid by savers so that bankers can keep pocketing bonuses.
"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%
If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
http://classiclit.ab...en-Part-2_4.htm
Did you recognise the two robbers in my avatar? Clue: One got a knighthood and inflation linked pension, the other a 150 year prison sentence.
#26
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Posted 11 April 2012 - 03:51 PM
Democorruptcy, on 11 April 2012 - 03:38 PM, said:
If a big one went down could it be like this?
Where are you going to keep moving your £85k's?
Where are you going to keep moving your £85k's?
Just leave them in the various banks. As I just said in another thread, in my opinion, HMG would print whatever money is necessary to pay all the £85Ks which would, of course, devalue Sterling, but that's another matter.
.
See Below:
It looks to me like there is a massive coordinated attempt by the various VIs to engineer a spring bounce by press releases and trolling popular Internet forums such as this.
Following the reported 1.9% monthly rise from a government controlled lender and the (expected) 0.5% rate cut, this forum seems to be targeted by bulls, many joining in the last few day to talk up the market.
The general drift seems to be... 'Savings accounts are paying a pittance so get into property now and pick up a bargain'.
I wonder if the various EA and lenders associations are emailing their members, suggesting that joining this forum to talk up the market would be a good idea.
Note: The above was posted in late January 2009, the following is updated as and when required.
See Below:
It looks to me like there is a massive coordinated attempt by the various VIs to engineer a spring bounce by press releases and trolling popular Internet forums such as this.
Following the reported 1.9% monthly rise from a government controlled lender and the (expected) 0.5% rate cut, this forum seems to be targeted by bulls, many joining in the last few day to talk up the market.
The general drift seems to be... 'Savings accounts are paying a pittance so get into property now and pick up a bargain'.
I wonder if the various EA and lenders associations are emailing their members, suggesting that joining this forum to talk up the market would be a good idea.
Note: The above was posted in late January 2009, the following is updated as and when required.
#27
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Posted 11 April 2012 - 04:21 PM
Bruce Banner, on 11 April 2012 - 03:51 PM, said:
Just leave them in the various banks. As I just said in another thread, in my opinion, HMG would print whatever money is necessary to pay all the £85Ks which would, of course, devalue Sterling, but that's another matter.
It's not really "another matter" though is it? In your HMG printing scenario, if you are putting your money within FSCS limits to keep it safe but you only get devalued pounds, it wasn't safe after all was it? Every 10% devaluation reduces the £85k by 10%?
I'm not suggesting instead using the money to buy a UK house (as often said on here) because that would be demoninated in the devalued currency.
If you say "democorruptcy" quickly, it sounds a bit like "democracy". In a "democracy" people vote for politicians who represent their interests. In the UK's "democorruptcy" people can only vote for expense fiddling thieving MPs who are in the hip pocket of big business and the finance sector.
The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR and interest rates swaps are now being paid by savers so that bankers can keep pocketing bonuses.
"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%
If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
http://classiclit.ab...en-Part-2_4.htm
Did you recognise the two robbers in my avatar? Clue: One got a knighthood and inflation linked pension, the other a 150 year prison sentence.
The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR and interest rates swaps are now being paid by savers so that bankers can keep pocketing bonuses.
"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%
If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
http://classiclit.ab...en-Part-2_4.htm
Did you recognise the two robbers in my avatar? Clue: One got a knighthood and inflation linked pension, the other a 150 year prison sentence.
#28
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Posted 11 April 2012 - 04:33 PM
Democorruptcy, on 11 April 2012 - 04:21 PM, said:
It's not really "another matter" though is it? In your HMG printing scenario, if you are putting your money within FSCS limits to keep it safe but you only get devalued pounds, it wasn't safe after all was it? Every 10% devaluation reduces the £85k by 10%?
I'm not suggesting instead using the money to buy a UK house (as often said on here) because that would be demoninated in the devalued currency.
I'm not suggesting instead using the money to buy a UK house (as often said on here) because that would be demoninated in the devalued currency.
It is another matter as far as which banks to keep the £85Ks in is concerned.
With regard to the value of Sterling, one could go round the bend trying to anticipate every possible eventuality, so I keep liquid funds in more than one currency and am prepared to act, in whatever way I see fit, as and when required.
.
See Below:
It looks to me like there is a massive coordinated attempt by the various VIs to engineer a spring bounce by press releases and trolling popular Internet forums such as this.
Following the reported 1.9% monthly rise from a government controlled lender and the (expected) 0.5% rate cut, this forum seems to be targeted by bulls, many joining in the last few day to talk up the market.
The general drift seems to be... 'Savings accounts are paying a pittance so get into property now and pick up a bargain'.
I wonder if the various EA and lenders associations are emailing their members, suggesting that joining this forum to talk up the market would be a good idea.
Note: The above was posted in late January 2009, the following is updated as and when required.
See Below:
It looks to me like there is a massive coordinated attempt by the various VIs to engineer a spring bounce by press releases and trolling popular Internet forums such as this.
Following the reported 1.9% monthly rise from a government controlled lender and the (expected) 0.5% rate cut, this forum seems to be targeted by bulls, many joining in the last few day to talk up the market.
The general drift seems to be... 'Savings accounts are paying a pittance so get into property now and pick up a bargain'.
I wonder if the various EA and lenders associations are emailing their members, suggesting that joining this forum to talk up the market would be a good idea.
Note: The above was posted in late January 2009, the following is updated as and when required.
#29
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Posted 21 April 2012 - 11:12 PM
My son failed to get them to open an ISA in time to catch last years allowance, despite applying well in advance. Their total incompetence caused the problem.. But he came out of it with something, as per their communication below. Anyone else been on the end of their largesse?
Due to the delay in opening your ISA account in the previous tax year we will be crediting your new account with a one off payment of £272.54 as a goodwill gesture. This amount is the equivalent of 1% interest on a fully funded 2011/12 cash ISA account balance over a 5 year period. Please accept our apologies for any inconvenience this may have caused you.
I've encountered both very good, and awful customer service from them over the years, to be fair...
Due to the delay in opening your ISA account in the previous tax year we will be crediting your new account with a one off payment of £272.54 as a goodwill gesture. This amount is the equivalent of 1% interest on a fully funded 2011/12 cash ISA account balance over a 5 year period. Please accept our apologies for any inconvenience this may have caused you.
I've encountered both very good, and awful customer service from them over the years, to be fair...
'And while I live, no fool or noble knave
Shall walk this world, in credit, to his grave..'
'The pension system has been a very nice gravy train for all of those involved except for those paying into it.'
'Let's see if we can get it for the asking price..' Kirstie Allsop
"Be under no illusion. You will not escape the net..." S'rAlan Sugar
Sex, drugs and sausage rolls...
The House of Lords: 'The Ermine Vermin....'
Shall walk this world, in credit, to his grave..'
'The pension system has been a very nice gravy train for all of those involved except for those paying into it.'
'Let's see if we can get it for the asking price..' Kirstie Allsop
"Be under no illusion. You will not escape the net..." S'rAlan Sugar
Sex, drugs and sausage rolls...
The House of Lords: 'The Ermine Vermin....'
#30
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Posted 16 July 2012 - 08:37 AM
juvenal, on 21 April 2012 - 11:12 PM, said:
My son failed to get them to open an ISA in time to catch last years allowance, despite applying well in advance. Their total incompetence caused the problem.. But he came out of it with something, as per their communication below. Anyone else been on the end of their largesse?
Due to the delay in opening your ISA account in the previous tax year we will be crediting your new account with a one off payment of £272.54 as a goodwill gesture. This amount is the equivalent of 1% interest on a fully funded 2011/12 cash ISA account balance over a 5 year period. Please accept our apologies for any inconvenience this may have caused you.
I've encountered both very good, and awful customer service from them over the years, to be fair...
Due to the delay in opening your ISA account in the previous tax year we will be crediting your new account with a one off payment of £272.54 as a goodwill gesture. This amount is the equivalent of 1% interest on a fully funded 2011/12 cash ISA account balance over a 5 year period. Please accept our apologies for any inconvenience this may have caused you.
I've encountered both very good, and awful customer service from them over the years, to be fair...
I am considering the major ISA. What's the latest opinion on Santander?
I understand that their british arm has ring fenced funding - is this true??
Thanks.