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Abbey will not disappear completely

The Abbey mortgage name will not disappear from the UK mortgage market completely Santander confirmed yesterday.

The Abbey mortgage products range will still be offered out via mortgage brokers to consumers. All of the high street branches and the direct to consumer offerings from the bank will come under the parent companies banner Santander.

The £12 million rebrand to the Santander name effects not only Abbey but also Alliance and Leicester mortgages and the Bradford and Bingley and has been accused of wiping out historic banking names that have been on our high streets for over a hundred years

The acquisition of the three British banks has helped the Spanish bank Santander to become the 2nd largest bank in the world after HSBC.

29 May 09

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