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Lloyds buys Tesco's resi mortgage portfolio for £3.8bn

Portfolio's 23,000 customers transfer to Halifax
File Photo / iStock
File Photo / iStock
CoStar News
September 3, 2019 | 1:23 P.M.

Lloyds Bank’s Halifax has entered into an agreement with Tesco Personal Finance to buy Tesco Bank's prime £3.7bn UK residential mortgage portfolio.

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News | Lloyds buys Tesco's resi mortgage portfolio for £3.8bn