News releases

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The information in this section is designed to provide journalists and bloggers with the latest news from Tesco Bank. If you are a customer looking for information on the products and services we offer, please visit our customer website.

 
 
 

15 August, 2018

Tesco Bank offer full range of remortgage products to Help to Buy customers

Tesco Bank has opened its full range of remortgage products to customers looking to move from the Help to Buy scheme.

In another little help from Tesco Bank, customers currently on the Help to Buy scheme in England and Wales, and looking to fully repay the HTB Equity Loan, will now be able to benefit from the full range of remortgage products on offer. The move comes as the Help to Buy scheme reaches its fifth year and a number of borrowers will be looking to switch their mortgage provider. Help to Buy borrowers can also benefit from Tesco Bank’s new range of cashback remortgage products, including the £1000 cashback range and capital raising of up to 95%, providing even greater choice and flexibility to customers.

Tesco Bank mortgage customers benefit from the bank’s commitment to outstanding customer service, competitive rates and the ability to collect Clubcard points on their monthly repayments.

 

Julian Hartley, Director of Mortgages, Savings and Loans said:

As we reach the 5 year anniversary of Help to Buy, many borrowers are reaching the end of their interest free period. We are thrilled to be in a position to open our full range of remortgage products, including 95% LTV and those offering cashback, to those looking to move from the Help to Buy scheme.”

 

ENDS

 

For media enquires or further information please contact:

Tesco Bank press office: 0131 274 3630 / +44 (0) 7595 441 036

Clubcard Points:

Tesco Bank Mortgage customers can collect one Clubcard point for every £4 on their monthly repayments. Points are also collected on overpayments, but not on any overpayment made to pay off the mortgage in full. Clubcard points are not collected on any fees or charges paid separately from monthly payments. Clubcard points collection rates are subject to change and points will be added within 6 weeks of payment.  The Tesco Clubcard Scheme is administered by Tesco Stores Limited, Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, AL7 1GA, who are responsible for fulfilling points.

About Tesco Bank Mortgages:

Tesco Bank has been offering an award winning range of mortgage and remortgage products since August 2012. Our customers benefit from the additional help of Clubcard points, giving them access to a range of Clubcard Reward Partners.

 

 YOUR HOME MAY BE REPOSSESSED, AS A LAST RESORT, IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

 

About us:

Tesco Bank’s goal is to make banking and insurance easier and better value for people who shop at Tesco. We’ve been around since 1997 and today we help more than 5 million customers every day with everything from insuring their pets, to buying their first home.  Our 4,000 colleagues serve our customers seven days a week from our three main centres in Edinburgh, Glasgow and Newcastle, and we are also available through online and mobile banking 24/7. Tesco Bank participates in the Chartered Banker Professional Standards Board.

Tesco Bank is a trading name of Tesco Personal Finance plc. Registered in Scotland No. 173199. Registered Address: EHQ, 2 South Gyle Crescent, Edinburgh, EH12 9FQ

 

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Media team

For journalist enquiries only, contact the Tesco Bank Press Office on:

+44 (0)131 274 3630
+44 (0)7595 441 036

 

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