Tesco, Virgin Move Into U.K. Mortgage Market

LONDON (AdAge.com) — As storied financial institutions topple and consumers struggle to get loans and keep up with payments, Tesco and Virgin Group are going into the mortgage business. Although the U.K.'s biggest supermarket chain and Richard Branson's Virgin may seem unlikely financial institutions, both companies say the time is right to offer more choice to consumers who have rapidly narrowing options.

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