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fixed mortgage deal coming to an end
WLMJ
Posts: 59 Forumite
Hi all,
I am looking for some advice here regarding mortgage deal.
Our 2-year fixed mortgage with Halifax will finish end of April, current rate is 5.59%. After that, we will be transferred to SVR at 3.50%. We bought our property just before the market dropped, so I assume we are of negative equity atm
My question is if I call up other lenders for quote will they give us a free valuation of our property? Also can I try to negotiate a better rate with Halifax as existing customer?
Any advice will be highly appreciated.
I am looking for some advice here regarding mortgage deal.
Our 2-year fixed mortgage with Halifax will finish end of April, current rate is 5.59%. After that, we will be transferred to SVR at 3.50%. We bought our property just before the market dropped, so I assume we are of negative equity atm
My question is if I call up other lenders for quote will they give us a free valuation of our property? Also can I try to negotiate a better rate with Halifax as existing customer?
Any advice will be highly appreciated.
0
Comments
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http://www.halifax.co.uk/mortgages/halifaxmortgagecustomer.asp
"Re other lenders".....Most offer free legals & valuations or cashback to cover costs for remortgaging.0 -
If your LTV is above 90% it is a waste of time going to other lenders. Staying on the SVR might well be the best option for you as long as you overpay as much as possible in order to get your debt down.0
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