HELP: Move or Stay with Halifax?????

jig

I currently have a Halifax mortgage of £95k remaining. I wish to pay off £15k when the current fixed deal ends (at the end 31 Dec 06) and standard variable rate of currently 6.75%(Oct).

At the moment I am paying £1293 per month til 31 Dec, after which it will be a repayment mortgage (depending on the rates at that time). I am looking into a fixed deal until I retire - in two years time). The remaining years for the above mortgage.

Considering I will have to pay fees - solictors, surveyers,etc - Are there any advantages to move to other mortgage providers?

herbiesjp

jig wrote:

Considering I will have to pay fees - solictors, surveyers,etc - Are there any advantages to move to other mortgage providers?

You can find many deals that do not charge the fees you mention. SOme will still have arrangement/booking fees however some will be totally fee free

HTH

Trying_really_hard

In respect to the fees, Halifax should offer rates with no fees as well as you are already a customer.

jig

Halifax have said there are fees to be paid with the rates they are offering

jig

anymore thoughts, advice....guidance....much appreciated

herbiesjp

Well the only thing that you can do is see what else is on the market and compare to what Halifax have offered you.

Personally I would use a whole of market mortgage adviser to help you with the research and look into the numbers for you.

regularsaver1

These are the current 2 year fixed rates between £75001 and £125k. There are options with an arrangement fee, and options without. The rates have already increased since BOE increase

http://www.halifax.co.uk/mortgages/fixedswitch2008.shtml#75,001_to_125,000

These are on website.

If you leave you will have to pay £175 early discharge fee, plus £50 deeds dispatch fee, if they hold them.

A broker can deal with rention business for Halifax and get the fee, so they should look at Halifax at the same time to make comparisons