Taking no prisoners? Citi starts sale of Tesco mortgages

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Taking no prisoners? Citi starts sale of Tesco mortgages

Tesco Bag

Tesco Bank is said to have mandated Citi to run a sale process for its £3.7bn book of UK mortgages, after it decided to pull out of the market, blaming cut-throat competition. But the move has drawn attention to a proposed UK law to help ‘mortgage prisoners’, which could stop UK mortgages trading at all, writes Owen Sanderson.

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