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Mortgage lenders struggle in competitive market – . market conditions” were behind its decision to stop issuing new mortgages and sell its existing portfolio. The intensity of competition has also hit Nationwide, which reported a fall in profits.

Tesco Bank stops selling mortgages and seeks exit – Its announcement came as Nationwide, Britain’s biggest building. toll on profitability over the past year. Tesco said.

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Nationwide breaks new ground with mortgages for over-55s – With 14m customers, Nationwide’s move is expected to prompt other high street lenders to consider broadening their range of mortgages focused on older borrowers. With its new suite of products, which.

Q&A: Tesco checks out of mortgage market – The pressures on Tesco Bank were underlined this week by results from a major high street lender, Nationwide. to serve our.

Tesco to sell $4.7 billion mortgage book as competition bites – Tesco Bank, which serves more than 23,000 mortgage customers with total balances of 3.7 billion pounds ($4.7 billion), said.

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