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Evening Standard
Evening Standard
Business

Co-Operative Bank to buy Sainsbury’s 3,500 mortgages months after talks collapsed

The Co-Operative Bank is set to buy Sainsbury’s Bank’s portfolio of 3,500 mortgages, worth around £479 million, months after earlier talks had collapsed.

Sainsbury’s mortgage holders will have their loans transferred to the Co-Operative Bank over the next year “to ensure a smooth process”.

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