Santander intermediaries head appointed mortgages MD

Former Santander head of intermediaries Miguel Sard has been appointed managing director of the bank’s newly-created mortgages division.

Santander is restructuring its mortgages business to create a new division responsible for all mortgage products and marketing across its retail and intermediary channels, the bank said in a statement.

Phil Cliff, formerly responsible for Santander’s mortgage products, will take a new senior role within Santander UK’s retail division.

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Subject to approval by the Financial Conduct Authority, the changes mean that Brad Fordham will be appointed managing director of Santander for Intermediaries to replace .

Mr Sard said: “It’s an exciting time for Santander mortgages and we are focused on becoming the lender of choice for both customers and intermediaries. Key to this will be the development of products to support our customers as they buy their first home and later as they progress up the property ladder.”