end of fixed rate

matt987106

last year my halifax fixed rate came to a end

ive been meaning to do something and get another fixed rate

will halifax offer me a new deal ?????????

payless

Yes , if you ask - but doubt it will be as good as you will get by swapping

matt987106

thanks

if i tell them i am going to swap to "blah blah with rates of blah" will they match it ?? ?? ??

IvanOpinion

Matt
Not a hope in hell if my experience is anything to go by. Last time I changed Halifax were advertising a 2 years fixed deal for 4.25% all over the press which was good. I made an appointment and went down and asked for this rate and was told 'No, it was first time buyers and remortgagers only' - the best I was being offered was 5.00%. I explained to them that the Nationwide would give me 4.29% (and Yorkshire were offering 3.99%). They did try telling me about the cost of changing (which ended up being free) and the Halifax advisor told me that Nationwide/Yorkshire were good rates so I should take them 'If I could get them' (I am now with the Nationwide).

It appears many banks/building societies will offer great rates to attract customers but offer uncompetitive rates when it comes to renewing (relying instead on customer laziness). This seems silly because it costs very little to retain a customer but significant sums to attract a customer.

Ivan

payless

Yeah

some do, some don't

always worth asking what they will offer, and then compare , looking at fees for staying/ new deal, leaving/ swap costs ( unless covered)-

it would be very rare to be offered anything other than their set range ( whether it be new business or loyalty products) just because you can get better eslewhere