Porting SVR

Saxonheights

Hi,

I've just been told by Halifax that they will not ever port a mortgage on SVR and that I will need to take out another product to port. They will not guarantee that they will port it after I have taken it out.

This seems slightly unfair, if I take out the new product and they will not port it do I have a case for mis selling as they know that I am only taking out the new product to port as I am moving house?

Selling propoerty for £185k, have £157500 moortgage, buying for £160k. If that makes a difference.

betmunch

They tell you this in the branch?

Sounds to me like they want to get you off a nice SVR onto a product you dont really want.

Speak to a whole of market broker, they should clarify if its true or if Halifax are trying to do you over

Saxonheights

betmunch wrote: »

They tell you this in the branch?

Sounds to me like they want to get you off a nice SVR onto a product you dont really want.

Speak to a whole of market broker, they should clarify if its true or if Halifax are trying to do you over

It was a broker who spoke to Halifax for me. He called them yesterday and they told him it isn't a problem to port. Went to see him this morning with all my details and he call back this afternoon to say Halifax won't port SVR only the new product that i don't want. Would it be best to try another broker?