Ex-Tesco Bank mortgages will be active on the Halifax IT system from 16 November, prompting the lender to detail how this will affect specific cases.

The data transfer follows Lloyds’ purchase of Tesco Bank Mortgages, the completion of which was announced on 30 March this year.

In a note to brokers, Halifax says that to allow time for business in the pipeline to complete, no new product transfers or further advance applications can be started on Ex-Tesco Bank mortgages after 30 October until 17 November.

It adds that for any applications made before 30 October that are in the pipeline on 13 November, “Product transfers offered and awaiting a future date of effect and further advances that are at offered stage but not completed will proceed as normal.

“Product transfers will be transferred on to the Halifax system on their effective date and further advances at the point funds are requested. No new applications need to be submitted and there is no impact to the customer.”

It says that access to the existing system will continue to be available until 12 November, and that, “Any pipeline applications which have not reached formal offer stage by 13 November, will require a new application to be submitted on Halifax Intermediaries Online from 17 November onwards.”

Halifax adds that all applications on mortgages with Tesco Bank will, from 17 November, go through the Halifax Intermediaries Online process, and that brokers will need to register with the system if they have not done so already.