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8 August, 2018

Tesco Bank to offer cashback remortgage products


Cashback of £250 or £1000 available on a range of remortgage products

Tesco Bank is now offering customers cashback on a new range of remortgage products. Customers who are looking to remortgage can now benefit from cashback of £250 or £1000 on a range of 2 year and 5 year fixed rate remortgage products.

This extra little help from Tesco Bank provides customers with greater choice when selecting a mortgage, allowing them to opt for a free standard conveyancing service or cashback of £250 or £1000, depending on the product selected. All Tesco Bank mortgages offer a free valuation service.

As well as its range of competitive products, Tesco Bank mortgage customers benefit from the bank’s commitment to outstanding customer service and the ability to collect Tesco Clubcard points on their monthly repayments.


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

We are delighted to be offering cashback on a range of remortgage products, offering customers greater choice when they are looking to remortgage. Currently all remortgage customers receive a free standard conveyancing service and by providing this extra little help, customers can either opt for this free service, or take a product with a cashback contribution, giving them the flexibility to choose their own legal services.”




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.




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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