Tesco Bank is to sell off its mortgage portfolio after halting new lending, in a move which could affect more than 23,000 customers. The bank announced on Tuesday that it had ceased new mortgage.

Tesco Bank is to sell off its mortgage portfolio after halting new lending, in a move which could affect more than 23,000 customers. The bank announced on Tuesday that it had ceased new mortgage.

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Tesco Bank has today pulled its entire range of mortgage products and announced plans to sell its existing home loans to another provider. This news is sure to spark concern among the retailer’s 23,000 mortgage customers, who collectively borrow a whopping 3.7bn.

Tesco Bank is to sell off its mortgage portfolio after halting new lending, in a move which could affect more than 23,000 customers. The bank announced on Tuesday that it had ceased new mortgage.

Tesco Bank is to sell off its mortgage portfolio after halting new lending, in a move which could affect more than 23,000 customers. The bank announced on Tuesday that it had ceased new mortgage.

Tesco Bank is to sell off its mortgage portfolio after halting new lending, in a move which could affect more than 23,000 customers.. The bank, which has a head office in Edinburgh and a major contact centre in Glasgow, announced on Tuesday that it had ceased new mortgage lending and was actively exploring options to sell its existing portfolio, which has total lending balances of 3.7 billion.

Tesco Bank announces it is halting new lending Here you can find the latest news releases from Tesco Bank. If you’re a journalist and would like more information about Tesco Bank or have some questions please get in touch.. The information in this section is designed to provide journalists and bloggers with the latest news from Tesco Bank.

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Tesco Plc (LON:TSCO), Tesco Bank has today announced that it has ceased new mortgage lending and is actively exploring options to sell its existing mortgage portfolio, including the complete transfer of related balances and ongoing administration of relevant accounts. The Bank, which has offered mortgages since 2012, currently serves over 23,000 customers with total lending balances of 3.7bn.

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