Saturday, Feb 06, 2010
Santander HP Index needed?
Guardian: Santander now issues half of all new UK mortgages – and plans to expand
The Spanish bank saw its share of new and existing mortgage lending peak at 20.4% over the last three months of last year, as its red flame logo began to replace the brands it has bought on Britain's high streets.
Santander's UK net lending – which strips out remortgaging – reached £7.6bn in 2009, estimated to be half the net lending of the entire market. Gross mortgage lending of £26.4bn gave the bank an overall market share for the year of 18.6%, a level it believes is its highest ever.
Posted by dill @ 05:54 AM (721 views) Add Comment
7 Comments
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1. little professor said...
Won't be long before the new Lloyds/TSB/Halifax/Bank of Scotland also starts to flex its oligopolistic muscles.
2. mountain goat said...
"Concerns about the capacity of southern European countries to pay their debts in the wake of the Greece crisis have pushed debt and equity markets lower in Spain and Portugal. Santander shares fell as much as 4.4% during the day. "This shall pass," Botín said."
"This shall pass", does he mean "We PIGS will get our bailout like the City of London, Wall Street and Dubai did"? Bankers have proved infamous at lala land wishful thinking in the past few years. Like Bernanke saying subprime was contained. As Citigroup's Chuck Prince said “When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.”
These guys just don't get it. QE and the European Bank's version of it, were acts of desperation. Yet they carry of dancing like its 2006.
3. Zr_seanie said...
just shows abbey lend upto 4.1x salary and they can survive.
Good on abbey also offering the best monthly paying interest savings account
4. mander said...
Since Santander bought Bradford & Bingley they prooved to me that they are not looking for credit worthy people to lend to in the UK but more of looking to countries where asset prices are still inflating e.g Britain, Brasil. They do not want to help the Spanish defalting bubble instead.
Now imagine Bank of China has a lot liquidity to offer to Buy To Let too and so a lot of banks should operate in the UK because assests are inflating.
5. enuii said...
Santander will crash and burn big style, and who will bail it out?
Savers be aware.
6. happy mondays said...
@4 and who will bail it out?
Lewis Hamilton has probably got a nice big fat bank account, he might help...lol
7. Jenni said...
This is a shock of a story
Taking On a Formidable Opponent, Clues from Lewis Hamilton F1 Abbey Santander UK
http://www.submityourarticle.com/articles/Simon-King-5609/Lewis-Hamilton-86129.php
Santander found guilty of discrimination and ordered to pay record breaking compensation of £2.8 million to a staff!!!