Halifax help

katesmommy

I took out a 90% mortgage in 2009. Had a 3 month mortgage holiday in 2010.

Sold house, bought a new one 1 year ago, ported the mortgage and also took out a new mortgage for the remaining sum of new house purchase. All with Halifax. (So basically ported the 6.1% on the remaining 89k, then got a mortgage for an additional 18k at a different rate, but it's all one mortgage/payment per month)

Can I take another mortgage holiday? As we still have 88% LTV and have already taken one? But technically it's a new mortgage?

opinions4u

From their web site:


It’s been at least twelve months since you took out your mortgage with us and six months since you took any additional borrowing
The amount you owe does not exceed 75% of our latest valuation of your property
Your mortgage payments are up to date.

So I'd say no, you can't.

Dave_the_Ginger_Cat

Without knowing too many of the details, the rates look reasonably high here. If your objective is to reduce your outgoings, it might be worth looking to see if you can remortgage the whole balance, and accept you might pay some penalties to exit some of the fixed parts

poormaria

Halifax have got a lot stricter on the holiday options recently, despite them being written into the mortgage offer. Only thing to do is contact them as see where you stand

Agree with Dave, rate is high so may have been better looking at ERC and seeing what other options you had