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Halifax fixed deal ending....
Denise_and_Peter
Posts: 6 Forumite
Hello we have a halifax 5 year fixed deal which ends in June 2011. We have been told we can contact them at the end of this month to discuss deals. They said they cannot tell us what the rates are for existing customers and are not displaying them on their website so I have no idea what the rates are at the moment. I don't think we can go elsewhere as I changed my job a few years ago and I am on a lesser salary so probably wont get a mortgage accepted elsewere??
We have 169,500 outstanding with 29 years to run. We are on fixed rate of 5.99% (we do have a very small amount on a 1.99% and another small amount on variable but the main amount is on 5.99 - for some reason the amounts at which rate are not detailed on the paperwork) - our monthly payments are 955.00. Our property we understand is worth around the 250,000 mark.
We are not sure whether to go for another fixed rate although we have always been on fixed and not sure whether to go for something else if other options are available to us. Our first property/mortgage was fixed then we moved and extended the duration of the mortgage so have always been on a fixed rate.
Any advice much appreciated, Halifax have been most unhelpful so far!!
We have 169,500 outstanding with 29 years to run. We are on fixed rate of 5.99% (we do have a very small amount on a 1.99% and another small amount on variable but the main amount is on 5.99 - for some reason the amounts at which rate are not detailed on the paperwork) - our monthly payments are 955.00. Our property we understand is worth around the 250,000 mark.
We are not sure whether to go for another fixed rate although we have always been on fixed and not sure whether to go for something else if other options are available to us. Our first property/mortgage was fixed then we moved and extended the duration of the mortgage so have always been on a fixed rate.
Any advice much appreciated, Halifax have been most unhelpful so far!!
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Comments
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Thanks opinions4u for your reply. So it could be a good idea to put away the difference between the fixed and the SVR and make an overpayment then. We have only ever been on a fixed but I think we need to explore other options. Halifax don't want to give us any figures until 3 months before the rate ends which I understand but I really want to know what figures we will be dealing with!0
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I know you dont want to change lender and find it stupid that Halifax wont at least give you an idea what current deals are available for existiing customers as some lenders will allow you to book a deal 6 months in advance.
I would call into your local branch or make an appointment and see the manager/ mortgage adviser and ask what deals are available ( tell them you are looking at moving to another lender!!!)
They show on there website the deals available to new customers and have a 5 year deal below 5% with a fee of £9950
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