Nationwide confirms talks to purchase Sainsbury’s mortgage book
Nationwide has confirmed that it is currently in talks with Sainsbury’s Bank regarding purchasing its mortgage book.
Sainsbury’s announced its departure from the mortgage market in September last year.
A spokesperson for Nationwide, said: “We can confirm we are in discussions with Sainsbury’s Bank regarding the purchase of its mortgage book. This may or may not lead to a deal in the future.”
Sainsbury’s mortgage book is worth an approximate £1.9bn and the supermarket has an estimated 10,000 mortgage customers.