Can I move early onto Halifax SVR?

Simon_gloster

Barebear wrote: »

Thanks for all the responses, I will definitley call them to see if they are having some sort of day off from being Bankers.

The figures are -
Balance = £68500b
ERC = 1% = £685
Payment = Int Only @ 7% (I know, crazy) = £399
Payment = Int Only @ SVR, 3.99% = £227

First post figures were rough, but not that far away when you consider the mad % rate I am on.

If you want interest only ftom another lender your going to have to prove how you'll pay the loan back. Sale of that property for eg is not acceptable generally. Stocks/shares etc is what they will look for.

Failing that, repayment mortgage probably wiping your £200 out in an instant.

At least you'll start paying it back.