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Why Tesco Bank’s mortgage pain means you could save money

Why Tesco Bank’s mortgage pain means you could save money

It’s been a bit of a bumpy ride this week. The pound has dropped to its lowest since January, stock markets have been more volatile than usual as trade talks between the US and China remain unresolved and, closer to home, we’ve seen another casualty in the mortgage market. Tesco Bank has been lending to […]

Tesco Bank abandons mortgage lending and may sell off loans

Tesco Bank abandons mortgage lending and may sell off loans

Thousands of homeowners could find their Tesco Bank mortgages sold to a third party after it confirmed it has ceased new lending. The supermarket giant’s fully-owned bank will look to sell its mortgage book, having previously lent about £3.7billion to over 23,000 mortgage holders.  Tesco blamed challenging market conditions as it closed its doors to new […]