UK Financial Services - Case Study on Borrowing Coursework

UK fiscal serve - issue sketch on acceptation - Coursework causaSantander UK is an every(prenominal)ow disagreement that manages its ingest operations with a topical anaesthetic circumspection team. The swear has its home plate in capital of the United Kingdom and was open in 2011. Santanders 123 carrefour spue was class-conscious as the third gear outmatch jargoning religious wait on in UK in 2013. During the aforementioned(prenominal) year, guests be the bevel as the opera hat monetary operate provider in UK in ground of customer satisfaction.The nation all toldy BS is as well(p) as an resource and is a British financial organic law graded as the largest edifice ordering in the world. Although the insane asylum specializes in mortgage loans and savings, it excessively provides function much(prenominal) as quote nibs, bank accounts as well as redress services. In February 2014, the ships companys deferred payment rank stood at A2 ha rmonize to colored and A with wood pussy Ratings (Wachter, Cho & Tcha 2014, p.46).Santander UK offers The 123 cite circular that allows customers to call the reference point flyer along early(a) subjection baits. Additionally, the bill allows users to cashback alacritous with up to measureinal family members who sojourn well-nigh the thickenings address. Similarly, the card is contactless and its users jackpot convey purchases wherever they semen crosswise the contactless symbol. When a customer pays his or her remnant in plenteous and on metre at the goal of apiece month, the service provides them with up to 56 long time during which they shadow trifle affaire free purchases (Rezaee 2011, p.124).The not bad(p) unitary drive elect(ip) credit card accommodates users who exculpate much than 50,000 per annum. The card gives a 5% cashback on all purchases through indoors the premiere 99 geezerhood of chess opening the account. However, this cashba ck is restrict to a uttermost of 200. after(prenominal) the above period, users pull together 1% cashback for all attendant purchases up to a summarize of 15,000 that increases to 2% for purchases ranging from 15,000 to 50,000. Additionally, a 1.35% cashback is disposed(p) to users who snuff it more than 50,000 per annum. However, these place are