View more on these topics

Miguel Sard made chief of Santander’s new mortgage division

Santander has appointed Miguel Sard as the managing director of its newly created mortgage division.

From today, all mortgage products and marketing responsibilities across its retail and intermediary channels will be brought into the newly created mortgage division.

Previously, retail assets director Phil Cliff was responsible for Santander’s mortgage products, while Sard, who most recently held the position of head of intermediaries at Santander, was responsible for intermediary relationships.

However, from today Sard becomes responsible for Santander’s entire UK mortgage proposition. He will report to head of banking Steve Pateman.

Santander for Intermediaries sales director Brad Fordham will become managing director of SFI. Both appointments are subject to FCA approval.

Cliff will take on a new senior role in Santander UK’s retail division, leading the transformation of its retail network.

Sard says: “I am delighted to be heading up our new Santander Mortgages Division. 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. I look forward to building upon the strong momentum of the past year as we continue to offer our customers great products suited to their changing needs.”

Sard joined Santander in 2007 as the chief executive of Santander Insurance Services before going onto become managing director of Santander for Intermediaries – then Abbey for Intermediaries – in 2011.

Fordham joined Santander from NatWest in 1995.He joined Santander for Intermediaries as sales director in 2010 after occupying various retail distribution roles.

Cliff joined Abbey National in 2000 from NatWest. In 2008, Cliff became Santander’s mortgage marketing director and then becoming responsible for all personal lending – mortgages and other types of loans – in 2010.

Recommended

MS-Letters-to-the-Editor-700.jpg

Letters

Star letter Well done to AMI for taking up CCL challenge but why has it come to this? I was interested to read your story last week that broker trade body the Association of Mortgage Intermediaries is lobbying the FCA to amend the new consumer credit license rules for mortgage intermediaries. Well done again to […]

MS Leader: Bank’s FLS bombshell

The Bank of England’s announcement last week that it was ending the Funding for Lending Scheme for residential mortgages in 2014 has certainly taken the entire market by surprise. At its heart seems to be a genuine concern on the Bank’s part that the housing market is overheating. In an interview with The Guardian on […]

Paragon BTL business surges 90.5%

Paragon Mortgages completed £359.8m of buy-to-let business in the 12 months to the end of September, 90.5 per cent more than the £188.9m completed the year before. Announcing its year-end results last week, the specialist lender’s parent company, Paragon Group of Companies, also said it is making “good progress” in its application to gain a […]

Private banks are loosening AUM rules to attract more HNW clients

Mortgage brokers say private banks have started to loosen criteria relating to assets under management in a bid to attract more high net worth borrowers. Private banks usually seek to attract high net worth borrowers alongside a significant amount of AUM. For very wealthy individuals, such as those with over £10m in assets, the AUM […]

Singapore cover image - thumbnail

White paper — Singapore International Insights

Jelf Employee Benefits assesses key trends within the international private medical insurance provision of organisations with employees in Singapore. Benefit structure, cost management and healthcare facilities are examined and key considerations are highlighted. This edition will be of particular interest to global human resource directors and benefit managers with local and expatriate populations in Singapore.

Newsletter

News and expert analysis straight to your inbox

Sign up