Tesco Bank announces it is halting new lending

Tesco Bank has announced that it will not offer any new mortgages and is actively looking for options to sell its existing mortgage portfolio; a decision it has made due to challenging market conditions. tesco bank started offering mortgages in 2012 and currently serves over 23,000 customers with total lending balances of 3.7bn.

Thousands of homeowners could find their Tesco Bank mortgages. profits in the sector. The bank follows AA Mortgages, which in March announced it would no longer be offering mortgages to new.

Tesco Bank has announced that it has ceased new mortgage lending and is actively exploring options to sell its existing mortgage portfolio. Calum Fuller The bank, which started offering mortgages in 2012, has more than 23,000 mortgage customers, who have total lending balances of 3.7bn.

Tesco Bank announces it is halting new lending Tesco Bank has 23,000 customers Tesco Bank is to sell off its mortgage portfolio after halting new lending, in a move which could affect more than 23,000 customers.

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Tesco PLC. 21 May 2019 Tesco Personal Finance PLC to cease new mortgage lending and explore sale of mortgage portfolio. 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.

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.

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 today (Tuesday) that it had ceased new mortgage.

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Tesco Bank is to sell off its mortgage portfolio after halting new lending, in a move which could affect more than 23,000 customers.

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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 lending and was actively exploring options to sell its existing portfolio, which has total lending balances of 3.7 billion.