Planned sale of Tesco mortgage book kicks up fears of fresh ‘mortgage prisoners’
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Planned sale of Tesco mortgage book kicks up fears of fresh ‘mortgage prisoners’

Cerberus

Tesco Bank is looking to sell its £3.7bn mortgage book after announcing that it will cease new mortgage originations. The lender is exploring options to facilitate a complete transfer, but the news has drawn attention to a bill proposed in the UK parliament which would grant borrowers the ability to transfer mortgages between providers.

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