• Join Date: Nov 2015
    Posts: 1,403
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    Best Answer We’ve now transferred our mortgages to Halifax
    23-08-19 , 09:01

    We’ve written to mortgage customers to let them know what this means for them.
    Halifax will also be in touch with their contact information and details on how to manage their online mortgage account.
    If you have any questions about your account please contact Halifax on 0345 217 2050.

    Why did Tesco Bank sell its mortgages?
    The market’s changed a lot over the last few years, so we made the decision to stop offering mortgages altogether. Instead, we’re focusing on our everyday banking business. That way, we can keep giving customers across the country great value and brilliant service, day in, day out.

    Will my rate or repayments be affected by the sale?
    Fixed Rate customers
    There will be no change to your interest rate for the duration of your fixed term.
    Tracker Rate customers
    Your interest rate will continue to move in line with Bank of England base rate changes.
    Halifax will write to you when your Fixed rate or Tracker rate period ends to confirm your options.
    Standard Variable Rate customers
    Halifax will contact you to let you know of any changes.
    Will I be able to collect Tesco Clubcard points on future mortgage repayments?
    No, the ability to collect Clubcard points on mortgage repayments ended on 27 September 2019

    Are submitted applications still being processed?
    I was a Tesco Bank customer and want to change my product. Can I still do that?
    If you have any questions or want to make changes to your account, please contact Halifax on 0345 217 2050.
    Halifax is a division of Bank of Scotland plc which is part of Lloyds Banking Group.

    What if I no longer wish to continue with my application?
    Please get in touch on 0345 217 2050 and we’ll cancel your application.
    Click below to see solutions
  • Join Date: Dec 2020
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    Best Answer
    06-02-21 , 18:43

    A mortgage is a mortgage on real estate. That is, a mortgage loan means that you take money from a bank at interest (a loan), and the guarantee that you will return this money is a pledge of your real estate: a house, an apartment, a land plot.

    A mortgage is usually perceived as a home loan. In this case, an apartment (house) purchased with money received from the bank is pledged. But this is only one, albeit the most common, type of mortgage.

    You can also mortgage real estate that you already own and take money from the bank for a new apartment or house. Moreover, you can take a mortgage loan not only for the purchase of housing, but also for its repair, construction and other purposes without their indication.

    A mortgage loan is formalized either by one agreement, or by two: a loan agreement and a mortgage agreement, that is, on the transfer of real estate as collateral to a bank.
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