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Changing Halifax Product
gloslad
Posts: 7 Forumite
I have just come to the end of deal with the Halifax and part of my mortgage has reverted to the SVR, which is fine. However I want to change to one of their 2 year fixed rate deals to make my payments a bit cheaper, when I tried to do this they wanted me to go through the whole application process again, proving income and affordability etc.
My question is, they raise my rate, no questions asked, no affordability tests however when I want to reduce my payments and suddenly there are a hundred hoops to jump through, is this they way they do things now?
My question is, they raise my rate, no questions asked, no affordability tests however when I want to reduce my payments and suddenly there are a hundred hoops to jump through, is this they way they do things now?
0
Comments
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I suspect either:
A part of your mortgage is interest only
or
your mortgage terms extends beyond age 65
Do either of these apply?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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