Can I switch to variable rate?

speedvics

I am paying a fixed rate mortgage to Halifax with the rate fixed until Feb 2011. However, the early repayment fee falls to 0 in Feb 2010.

I could, therefore remortgage, but I earn much less than when the mortgage was taken out and no one would give me a new mortgage at present.

Would it be possible to ask Halifax to put me on their standard variable rate or risk losing me to another lender (not that anyone else would lend me the money!)?

I hope I have included all the necessary details and would appreciate any help on this. If I could make this switch I would save £300/ month, an absolute fortune to me at the moment. Is this a feasible plan?
Many thanks.

VIGILANT22

SVR only kicks in when your current deal ends.......if you're in financial diffuculty you should call Halifax now

speedvics

Thanks Vigilant22. As I feared, I am stuck with my fixed rate.

I thank you for this info and your prompt response.

VIGILANT22

If you're in problems call them and discuss switching to interest only on a temp basis