Mortgages moved from Tesco Bank to Halifax

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Mortgages moved from Tesco Bank to Halifax have been transferred onto the Halifax IT systems and allocated a new Halifax mortgage account number starting '10999'.

If a customer has any queries regarding these changes they should be advised to contact us on 0345 727 3747.

New product transfer, further advance and purchase applications with porting should be submitted via the standard Halifax Intermediaries Online system and will be subject to the Halifax mortgage Terms and Conditions.

Following the transfer of mortgages on the Halifax system a separate sub account was created for Held Over Interest. This was an amount of interest not paid during November 2020 when the mortgage was transferred. No interest is charged on this sub account. When keying a product transfer a sub account showing a 0% rate should not be selected for the new product and should be left on the current product, to avoid the customer paying interest on this amount.

If you have any queries please contact your Business Development Manager.

Our tracker rate mortgages are linked to Bank of England bank rate (also known as Bank of England repo rate). Details of this rate can be found on the Bank of England website at www.bankofengland.co.uk.

For independent information on mortgages, visit the website 'Money Advice Service'.

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Halifax is a division of Bank of Scotland plc. Registered in Scotland No.SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Copyright © , Halifax plc. All rights reserved.