Nationwide 8. View our online Press Pack. We're a journalistic website and aim to provide the best MoneySaving guides, tips, tools and techniques, but can't guarantee to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong. Having previously announced their mortgage exit, Tesco Bank has now sold its mortgage portfolio for £3.8bn to Halifax, part of Lloyds Banking Group, the UK’s biggest lender.. Tesco Bank was established to leverage their enormous size and value in order to provide customers with a complete portfolio of flexible and affordable financial products. We think it's important you understand the strengths and limitations of the site. Looking for a new mortgage? Please contact fbteam@moneysavingexpert.com if you wish to report any comments. Many can likely reclaim £100s or even £1,000s, Travellers arriving in the UK from today can cut mandatory quarantine if they get a negative coronavirus test result from one of the Government's list of private Covid-19 test providers. MoneySavingExpert.com is part of the MoneySuperMarket Group, but is entirely editorially independent. Gerry Mallon, Tesco Bank chief executive, said: “In May we announced our decision to stop new mortgage lending while we explored our options to sell the mortgage book. It adds that it will notify customers if any changes need to be made in future. The lender’s broker-only arm, Halifax Intermediaries, offers £500 cashback to similar customers. Halifax is a division of Bank of Scotland plc. The bank axed its travel insurance business the end of 2018. As a result, we made the decision to move away from our mortgage offering.". See Tesco Bank's FAQs or call 0345 217 2050 for more information. Other Mortgages. The data transfer follows Lloyds’ purchase of Tesco Bank Mortgages, the completion of which was announced on 30 March this year. Lloyds Bank has agreed a deal to buy Tesco Bank’s mortgage book, in a takeover which will see more than 23,000 residential mortgage customers moved over to Lloyds’ Halifax division. Got an overdraft with Lloyds, Halifax etc? If you’re still going through the application process after September 27, you’ll see your Clubcard points appear on your February 2020 Clubcard statement. Do you have a story for The Sun Online Money team? Halifax will also be in touch with their contact information and details on how to manage their online mortgage account. However, before you start to panic, Tesco Bank plans to move all of its mortgage customers over to Halifax by the end of this month.. Gerry Mallon of Tesco Bank blamed “challenging market conditions” for the withdrawal from the market. You’ll see these Clubcard points appear on your quarterly Clubcard statement in November 2019. Please read the Full Terms & Conditions, Privacy Policy, Cookies Q&A, How this site is financed and MSE's Editorial Code. The sale process has been overseen by investment bankers at Citi. HSBC 14. Tesco Bank plans to have moved all of its mortgage customers over to Halifax by the end of September, but will initially continue to deal with customer enquiries after this point. What a weight off my mind. Standard variable rate (SVR) customers, meanwhile, will continue on Tesco Bank's SVR - they'll only move to Halifax's SVR if they change their mortgage. Tesco Bank first announced it was pulling out of the UK mortgage market in May this year, citing “challenging” market conditions. You can also access information about your mortgage here . "As a result, we made the decision to move away from our mortgage offering. 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