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The Latest Breaking News from Santander UK

UK lenders paid car dealers cash upfront that may have led to costlier loans

Exclusive: ‘Advance commissions’ said to total millions of pounds allegedly pushed customers to certain providers

The Guardian - UK

Some sub-4% mortgages will vanish from the market from Friday

One mortgage broker said market movements ‘look to be enough to put some of the very lowest rates in peril’.

Evening Standard

Mortgage wars kick-off as banks launch sub-4% deals

More sub-4 per cent mortgages have started appearing on the market from Thursday

The Independent UK

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More sub-4% mortgage rates available from Thursday

The new deals were a positive sign that competition in the market was heating up, experts said.

Evening Standard

Santander UK is to offer sub 4% mortgage rates from Thursday

The new deals at 3.99% are part of a wider shake-up by the bank of its mortgage rates.

Evening Standard

Bank starts ‘full-scale mortgage price war’ with new offer

Deals are available to both buyers and those remortgaging

The Independent UK

Surge in mortgage applications seen by major bank ahead of stamp duty deadline

From April, stamp duty discounts will become less generous.

Evening Standard

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Santander UK staff brace for more job losses after 38% drop in full-year profits

‘Cost efficiencies’ programme planned for UK arm rocked by car loan commission scandal

The Guardian - UK

Santander UK profit slumps as questions remain over future of British arm

The Spanish-owned high street banking giant reported a 38% drop in UK pre-tax profits to £1.33 billion for 2024.

Evening Standard

Santander boss issues major update on UK future amid speculation over potential exit

Recent reports suggested bank was considering quitting UK

The Independent UK

Santander’s potential UK exit raises concerns despite boss’s pledge to stay put

Executive chairman Ana Botin insisted ‘We love the UK’ following reports that Santander is reconsidering its presence in the country.

Evening Standard

Fears for mortgage market amid rumours of Santander’s UK exit

Santander UK is a prominent mortgage lender and recently cut rates on more than 70 mortgage products

The Independent UK

Why could Santander bank leave the UK?

The bank has not been performing as well as expected and its owner, Banco Santander, may be looking at an exit

Evening Standard

Is Santander Shutting Down In Britain? 14M Customers, 20K Employees Possibly Affected

Spanish banking giant Santander is reportedly considering quitting Great Britain due to the impact of 'excessive red tape' on its profitability.

International Business Times UK

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The Guardian - UK

Santander rushes guidance to managers as it reviews its future in UK

Bank is considering sale of British business amid mounting frustrations over regulation

The Independent UK

Major high street bank ‘considering quitting the UK’ after two decades

Santander already announced it was cutting more than 1,400 jobs across its UK business

Evening Standard

35% of young adults ‘are concerned about their finances on a daily basis’

Four-fifths of 18 to 21-year-olds have never created a budget and 31% look to social media influencers for advice, according to Santander UK.

Evening Standard

Cynical scammers set to strike during Christmas week, Santander UK warns

Nearly £2 million was reported lost by the bank’s customers to authorised push payment scams between Christmas Day last year and New Year’s Day.

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Evening Standard

Santander UK cuts rates across more than 70 mortgage products

The bank has reduced the rates available on selected fixed homeowner purchase and remortgage ranges by up to 0.23 percentage points.

Evening Standard

Santander UK profits plunge after £295m motor finance hit

The high street lender reported pre-tax profits of £143 million for the three months to the end of September, down 65% on the previous quarter.

The Guardian - UK

Santander puts aside £295m for car loan mis-selling

Lower third-quarter profits reported alongside first estimate of financial fallout from loan mis-selling scandal

Evening Standard

Britain’s most affordable towns revealed

The average property in Britain is valued at 3.8 times the average annual household income, assuming two people working full-time, Zoopla said.

The Guardian - UK

Lloyds shareholders could take £1bn hit over car finance crisis

Analysts forecast bank will have to halve £2bn buyback plan, as ex-boss of City regulator blames watchdog for crisis

The Independent UK

Santander bank cutting more than 1,400 jobs amid landmark car loan ruling

The company had 21,812 workers in the UK at the end of September

Evening Standard

Santander UK delays publishing earnings after major car finance court ruling

The delayed announcement comes as the wider Madrid-based bank revealed its profit increased by more than a 10th in recent months.

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