What's the difference between Abbey and Santander?

rach83

Anyone know if they are ultimately the same company?

kingstreet

Abbey for Intermediaries is the brand name of Santander's broker business outlet.

bengalknights

They are one and the same abbey is just a branding name santander use

rach83

So when I go to a broker do they advise to go via Abbey purely because their fee/commission is more favourable?

Dave_Ham

Everytime I see your username, there is an Abbey/Santander related question and pretty sure this has been covered already.

Santander have branches on the highstreet and if you go in directly to them it will all be Santander.

Abbey for Intermediaries, facilitates how us brokers place business with them.

The commission is irrelevant as the products are slightly different and therefore we get commission and the advisors in branch do not.

_Andy_

rach83 wrote: »

So when I go to a broker do they advise to go via Abbey purely because their fee/commission is more favourable?

Are you ever going to actually apply for the mortgage or are you just going to ask more and more obscure questions about it which change nothing?

kingstreet

rach83 wrote: »

So when I go to a broker do they advise to go via Abbey purely because their fee/commission is more favourable?

Brokers can't submit business directly to Santander. They submit through Abbey, they get paid.

It's a "get paid" or "not get paid question", not a "get paid more or less" one.