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Confused with halifax mortgage

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james3333
james3333 Posts: 752 Forumite
edited 28 February 2012 at 2:09PM in Mortgages & endowments
Hi all,
just seen this article on the sun
http://www.thesun.co.uk/sol/homepage/news/money/4158670/Halifax-goes-through-the-roof.html

im on an SVR at the mo... had a letter a few weeks back saying i have had £2,000 taken off my mortgage as a 'good will payment'

will i be affected with this CAP RISE?

should i fix a deal now??!!!
think i can get it fixed for 2 years at 4% (paying 3.5% at the mo on SVR)

HELP!!!

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The payment you've received is retrospective. So don't be panicked into a rush decision, there's no need.
  • thanks, but can i assume that halifax will raise the SVR rate and if so will i end up going up with it?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    james3333 wrote: »
    thanks, but can i assume that halifax will raise the SVR rate and if so will i end up going up with it?

    The majority of lenders will be looking to raise lending margins over the coming years, more so if BOE base remains extremely low as has been widely forecast.
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