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The Latest Breaking News from Santander

Major lenders hike some mortgage rates despite fall in base rate

The changing outlook for interest rates and rises in swap rates which are used to price home loans have had an impact, some experts said.

Evening Standard

Mortgage rates hiked by major lenders despite fall in base rate

HSBC UK said it is increasing fixed-rate mortgages this week

The Independent UK

Property market recovery 'put on pause' by mortgage rate hikes warns Knight Frank

The high street bank is increasing fixed rates for most residential rates for new buyers and remortgage customers by up to 0.29%

Evening Standard

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Santander’s delay left us out on the street on moving-in day

Because money wasn’t transferred to the seller in time, me, my child and our cat had to find emergency accommodation

The Guardian - UK

Current account switching picks up pace in July before interest rates cut

However, the total number of switches slowed between July and September compared with the first half of 2024.

Evening Standard

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

The Independent UK

Santander bank cutting more than 1,400 UK jobs

It is understood that the job cuts have largely taken place but are expected to finish by the end of 2024

Evening Standard

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Santander Defies Interest Rate Cuts To Post Higher Profit

The group's profit from July to September reached 3.25 billion euros ($3.5 billion), a 12-percent jump from the same period last year, beating analyst expectations.

International Business Times

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.

Evening Standard

Santander UK delays results as it considers landmark car loan ruling

Some analysts say court of appeal ruling on mis-selling could cost the bank £1.1bn

The Guardian - UK

I fell for a Coldplay concert ticket scam on Facebook – here’s how to avoid my mistake

IN FOCUS: Someone on your social media has tickets to a massive gig but they can’t make it any more – seems legit. Except, in Kate Solomon’s case it wasn’t, and revealed a new frontier of scamming that social media platforms are struggling to get a grip on

The Independent UK

'Boris bikes' set for major upgrade with e-bike fleet doubling as TfL takes on Lime dominance

Exclusive: City Hall hire scheme set for major makeover to win back cyclists

Evening Standard

A third of UK businesses want Starmer to cut Brexit red tape

Some 31 per cent of companies want to see a reduction in post-Brexit regulatory requirements

The Independent UK

How to cut through the small print on savings accounts

Some best-buy, high-paying accounts are not always the best for you

The Guardian - UK

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Evening Standard

Why are mortgage rates rising and when could they fall again?

The Bank of England is still expected to cut its headline lending rate from 5% to 4.75% when its Monetary Policy Committee meets in November

Evening Standard

Santander withdraws its cheapest mortgage deals in sign price war may be over

Move follows a sharp rise in gilt yields over the past month on Budget borrowing fears

Fortune

Years of inflation have changed Americans’ spending habits. Here are their priorities as the Fed cuts rates

Trade-offs, spending cuts, and shifting priorities: Here's how Americans have reworked their budgets to manage inflation.

The Independent UK

Romance scams surge despite 65% thinking they would never fall victim, says bank

Santander UK has recently seen customers aged from 18 to 93 years old affected by romance fraud.

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The National (Scotland)

Scottish region among the top rising areas for first-time home buyers in the UK

A region in Scotland has been named among the top rising first-time buyer hotspots in the UK by Santander.

The Guardian - UK

Surge in larger homes for sale amid capital gains tax fears, Rightmove says

Speculation Rachel Reeves to raise tax in budget thought one reason for some homeowners cashing out

Fortune

Santander boasted ‘flexibility is here to stay,’ then ramped up its RTO mandate to 12 days a month

Santander’s U.K. boss, Mike Regnier, travels about 160 miles to the office on select days as five in-person days were not “vital,” he said earlier this year.

The Guardian - UK

Santander to insist UK workers are in office three days a week

About 1,000 of those affected work in London and 4,500 at the bank’s new Milton Keynes headquarters

Motorsport

Formula 1 confirms global partnership deal with Lenovo

Formula 1 has announced Lenovo as its latest global partner in a deal that will see the technology company become the title sponsor of two grand prix from the 2025 season onwards.

Motorsport

Santander joins F1 as official partner after Ferrari exit

Santander has signed a multi-year deal with F1 which will begin at the start of 2025 after the bank’s sponsorship agreement with Ferrari expires.

Autosport

F1’s growth in America key to new Santander partnership

The growing relevance of the United States to Formula 1 was a major catalyst in Santander becoming an official partner to the series, Autosport has learned.

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