Abbey For Intermediaries Announces Move to one Intermediary Mortgage Brand

From 15 October, Abbey for Intermediaries Will Move to one Intermediary Mortgage Brand

BRADFORD, England, August 5, 2010 - Abbey for Intermediaries has announced that all its intermediary
mortgages will be branded Abbey from 15 October.

Alan Mathewson, Managing Director, Intermediary Distribution and
Santander Private Banking (UK), said: "Consolidating our intermediary
mortgage business through the Abbey brand will enable us to align our product
offering and increase efficiency. Our number one priority at this time is
improving our service levels and focusing all our resources on one brand will
help us achieve this quickly.

"Abbey for Intermediaries is a strong brand whose commitment and support
to the intermediary market has never wavered over the difficult years. We
believe the integration of our intermediary offering will help us provide the
service and product offering to enable us to become the intermediary lender
of choice."

To support the move to one brand, Abbey for Intermediaries is offering an
additional 0.02 per cent for all new Abbey business placed between 5 August
2010 and 31 October 2010.

Abbey for Intermediaries is also launching a market leading two-year fix
through its key account partners tomorrow, offering a rate of 3.90 per cent
with no fee and available up to 75 per cent LTV to homebuyers.

The product, which has a maximum advance of GBP550,000, comes with a free
basic valuation and GBP250 cashback on completion for homebuyers. It is
estimated that over 90 per cent of the intermediary market will be able to
access it.

We will be announcing other enhancements to our product range over the
coming months.

Intermediaries who are not currently registered to do business with Abbey
for Intermediaries can easily do so by contacting our dedicated team on 0141
275 7900.

New Alliance & Leicester mortgage applications can continue to be
submitted until 15 October, although to assist the transition to one brand,
we will be making some changes over the next few weeks. The first of which is
that we will no longer be accepting applications from new Alliance &
Leicester mortgage customers over 75 per cent LTV from close of business
today.

For more information about this announcement, intermediaries can contact
their local sales team or visit www.abbeyforintermediaries.com.

        The information contained in our press releases is intended
    solely for journalists and should not be used by consumers to make
                          financial decisions.

Notes to Editors

Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and
commercial bank, based in Spain, with presence in 10 main markets. At the end
of 2008, Santander was the largest bank in the euro zone by market
capitalization and third in the world by profit.

In the UK, Santander operates two retail businesses -
Santander, which was formed out of the Abbey and Bradford & Bingley retail
network, and Alliance & Leicester. Together they have over 1300 branches,
around 4,500 cash machines and they provide a full range of bank accounts,
corporate banking services, personal loans and savings products to 25 million
customers. Santander also specialise in mortgages (
products.santander.co.uk/mortgages.html ) and offer a useful mortgage
calculator (
products.santander.co.uk/mortgage-information/repayment-mortgage-calculator.aspx )
to help you calculate your affordability.

(Due to the length of the URL above, it may be necessary to copy and
paste this hyperlink into your Internet browser's URL address field. Remove
the space if one exists.)

Alliance & Leicester will become known as Santander by the end of 2010.

For more information please visit products.santander.co.uk/

Abbey for Intermediaries

In the UK, Santander operates part of its mortgage business
under the Abbey for Intermediaries (AfI) brand. The intermediary business is
responsible for the majority of Santander's annual mortgage sales in the UK.
Abbey for Intermediaries is one of the leading specialist intermediary firms
in the UK.

Media Enquiries: Siobhan O'Shea, Tel: +44-(0)20-7756-4189. The press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800-5877708.