We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.

In association with

Home > Mortgages > Mortgage Products

By Emma Ann Hughes | Published Apr 26, 2012

Santander writing around one in six UK mortgages

After tax, Santander’s UK profit for the first quarter of 2012 was £255m, down from £431m at the start of 2011.

Gross mortgage lending share to UK households was £5.6bn, up 34 per cent on the same period in 2011 (£4.2bn) representing an estimated gross market share of about 17.6 per cent, compared with13.8 per cent at the start of 2011.

Santander is now writing around one in six UK mortgages.

Management stated they were taking a cautious approach to provisions and while they have increased – £179m compared with £129m for the first quarter of 2011 - this was said to reflect more provisions in the “old” corporate book mainly of Alliance & Leicester loans written pre-2008.

visible-status-Standard story-url-FTA Santander 200 EAH.xml

Most Popular
More on FTAdviser