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Sainsbury’s is the latest lender to exit the mortgage market, citing “narrower margins” in an “increasingly competitive.
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Sainsbury’s has announced that it is no longer going to continue mortgage lending, resulting in all its products being pulled from the market. Existing Sainsbury’s customers will be able to continue.
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Though almost no homeowner plans to become delinquent on a mortgage, some invariably will. For one reason or another, perhaps.
Sainsbury’s Bank has ceased offering new mortgages immediately, it confirmed in a trading statement this morning. The lender.
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