Halifax Existing Customer

gener8or

Had a long 5 year fix with Halifax on 6.09%.
1st September I go onto the SVR currently 3.99%.

Spoke to Halifax 1st August and said if LTV is 60% will get 2.89% 4 year fixed. Valuation done its within 60% so will be on 2.89% from 1st September.

However she said there will be no credit check also no questions aboout current salary or children etc.

2.89% seems OK, if I did nothing I would be paying 3.99%.
There was no fee for drive by valuation or product fee.
Just got to sign the form she emailed and send it back. Is it really this easy?

kingstreet

A product transfer is that easy, yes.

But, how do you know if you wouldn't get a better deal elsewhere?

There are still five year fixed rates under 2.5% out there and it may be worth paying a fee if your mortgage is big enough.

What happens if you suddenly decide to move house? Will Halifax have a decent rate for your new purchase (assuming you port the rate on the current amount owing)?

Plenty to consider. Don't jump just because you're coming out of a "pre-crash" fix and see the £££ signs dangled in front of your eyes.