UK homeowner and mortgage borrowers are shocked with news that the Tesco Bank Mortgage Book is to be sold off and that the lender will be pulling out of the UK mortgage market, blaming “challenging market conditions”. The news from Tesco Bank emerged just as rival lender Nationwide Building...
Despite the millennials and smashed avocado jibe suggesting mortgages for first-time buyers were decreasing. Research from the UK's largest mortgage lender, the Halifax shows that First-time buyers now make up the majority of home purchases bought with a mortgage in the UK. The Halifax bank said the last time such a...