Santander writes one in five UK mortgages

Results for the first quarter of 2010 show gross mortgage lending grew to £5.7bn, an estimated gross market share of 20%, while net mortgage lending was £1.5bn. It also increased its lending to SMEs by over 18% compared to Q1 last year. Santander said it believed it was in a "robust position" despite the economic climate due to the quality of its prime residential portfolio and reduced exposure to unsecured lending. Santander revealed the stock of properties in repossession made up just 0.07% of its overall portfolio, compared to a CML average of 0.14%. Properties in arrears three mon...