More people are getting behind on their mortgage payments, the boss of Santander has said.
Mike Regnier, chief executive of Santander UK, said the bank is putting aside more money for potential defaults linked to the cost of living crisis after seeing a pick-up in customers falling behind on mortgage and loan payments.
Santander has about 11% of the UK mortgage market, with a book value of £184bn home loans.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
