You are here: Home - News -

Tesco Bank offers cashback on range of remortgage products

by:
  • 08/08/2018
  • 0
Tesco Bank offers cashback on range of remortgage products
Tesco Bank is now offering customers cashback on a range of two- and five-year fixed rate remortgage deals.

 

A spokesperson from Tesco Bank told Mortgage Solutions that for five-year fixed rate remortgage products the cashback is £250, available from 60% to 95% loan to value (LTV). For two-year fixed rate remortgages the lender provides a cashback of £1,000, from 75% to 95% LTV.

The offer comes as either a free standard conveyancing service or the cashback depending on the product selected, the lender said.

All Tesco Bank mortgages offer a free valuation service.

 

Tesco ClubCard

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.

Julian Hartley, director of mortgages, savings and loans (pictured), said the team was pleased to be introducing the cashback option.

He said: “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.”

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Equity release lender stability and PRA oversight questioned by think tank

Equity release lenders may be on the hook for billions of pounds in losses by failing to properly value their...

Close