Santander’s gross mortgage lending in the first half of the year was 21 per cent lower than the same period in 2010.
The Spanish bank lent £9.7bn in the UK in the first half of the year, down from £12.3bn in the first six months of 2010.
This drop in lending meant its share of the UK mortgage market, in terms of gross lending, fell from 19.1 per cent in the first half of 2010 to 15.4 per cent. The average loan-to-value of new lending was 64 per cent.
Santander UK’s pre-tax profit in the first half of the year was £1.1bn, down 3 per cent on the same period last year.
Santander UK chief executive Ana Botin says: “Santander UK has delivered robust performances across all business areas this year, and we have taken some significant steps in our programme to improve customer service including returning our overseas retail banking call centres to the UK.
“We have maintained our industry-leading range of “best buy” products for our retail customers, and are achieving improved levels of service satisfaction in our retail, corporate banking and intermediaries businesses.”