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Best Mortgages

Looking for some advice.......

Currently on a 90% Mortgage (£185K) with the Halifax but on a really high rate (About 7.3%), as you would expect, and the house is still considered a new build until September.

Is there anyone currently offering a better rate or anything in the future I can do to get this down??

Comments

  • black_taxi_2
    black_taxi_2 Posts: 1,816
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  • luckyfool
    luckyfool Posts: 1,683 Forumite
    eh.... when your deal ends you will go onto Halifax SVR (currently 3.5%). If your ltv when the deal expires is over 90% but under 120% then you should be able to get a new deal from Halifax (currently starting at around 5.19% for a 2 yr fixed rate) assuming their criteria and products are as they are now. A broker or Halifax direct should be able to help out.

    Assuming you are tied in just now, and are actually at 90% or higher I can't see how remortgage to a new lender and paying penalties is going to be feasible or indeed sensible.
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