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No mortgage review until...

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Just wondering has anyone else encountered this? - Our current mortgage deal is coming to an end in September. I have just rang the Halifax, who we have had our mortgage with for the past 28yrs, to enquire what deals would be avaialble to us. However they will not even discuss my options until we switch our current method of payment from standing order to a direct debit. I have faithfully paid my mortgage via standing order for the last 20years. Why are they insisting I change at this stage? I am really annoyed with them and cannot help but think is this a sign of things to come - we have not have a review since the 'crash'. :mad:

Comments

  • amnblog
    amnblog Posts: 12,728 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    They are in control because you owe them money.

    S/O payers are an anomaly they would like to eliminate.
    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.
  • ACG
    ACG Posts: 24,545 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Why does it matter whether its a SO or DD?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, 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.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Administration costs money.
  • TLM_77
    TLM_77 Posts: 40 Forumite
    Get a broker and go with another lender, you'll no doubt find a better rate with someone else and save yourself £'s.
    Other than mortgage, debt free since June 2014:)
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