halifax fix coming to and end

Cazzywazzywoo

I am also doing the same. I was on a fixed rate of 4.89% with the Bank of Ireland. This finished at the end of April and I have since gone on to their SVR which is 2.99%. I have kept my payments the same as before - so effectively overpaying each month (by about £150 I think).

I am logging onto this website regularly to check what others think. At some stage I will jump to a fixed rate but I am trying to hold my nerve for now as 2.99% is such a good rate.

Cazzy

jackiegibbo

keyboard wrote: »

Hi all

Just wondered if anyone else is the same boat as me. I'm with Halifax and my deal ends this month and i have decided to stick with their SVR and continue to pay the difference between the repayments on the svr rate and what i was paying whilst in the deal. In other words overpaying.I have set up a standing order to do this. My current deal is 5.34%, my own thinking is the BOE will have to move up to 2% before i need to lock myself in and i can't see that happening anytime soon. Halifax appears to set its SVR 3% above the BOE rate.

Hi we are on exactly the same deal ours ends on oct 1st and we are going to stay with them for a bit and see how things pan out too.Good luck

pumpkin30

my 5 year fix ends june as from july on svr saving £120 a month with the halifax

djheath

Im in the same boat. My fixed with Abbey ends in August and have noticed that fixed rates at the minute are all above the fixed rate I am paying - 5.24%. I only have 80% LTV ratio and would need to pay around £10,000 off my mortgage to get down to 75% to get a good deal, so I am hoping interest rates stay low for a while, although I am very worried they will start to creep up and I cant get a deal.

It's worrying times I think!

martyp

My Halifax 6.14% fixed rate ends 30th September and my IFA has recommended I just leave it to drop to the current 3.5% SVR as the fixed rates are about 5.99% plus product fees etc in my case as I'm in negative equity...
I'm in two minds whether to just pay the £80 cheaper monthly payment or pay the same and reduce the capital. At present I could really do with that money that I would save...

dfh

It is difficult.If you can afford it,I would definitely fix.Rates are at a historic low and they will have to rise sooner than later.