Halifax 2 years means 28 months

humadoon

Guys thanks for trying to explain it to me, i guess i am different for me 2+2 is 4 not 4.5

on my agreement it said 2 year fixed with a product end date of feb 2015, i remember asking mortgage advisor what is that he lied to me on this, he said this won't effect me, well it does no worries what goes around comes around.

haras_nosirrah

So it did say it on the kfi

It is to save them an administrative nightmare and all lenders are the same apart from 1 or 2

If offer to give 100 borrowers 100,000 on a certain product for 2 years exactly then some of those borrowers could move really quickly, others could take 6 months to move. By putting an end date on the product it brings those borrowers back in to line. Some will have the product for over 2 years, others will be under 2 if they took along time.

Another way could be to have mortgage offers only valid for 1 month and every month your conveyancing takes longer you have to change to the product they have available that month but I think their current system is fairer.

getmore4less

I see some lenders put the end dates on the web so you see when you go looking.
eg 2y fix end 17 sept 2016

Mortgage_Mark_2

humadoon wrote: »

Guys thanks for trying to explain it to me, i guess i am different for me 2+2 is 4 not 4.5

on my agreement it said 2 year fixed with a product end date of feb 2015, i remember asking mortgage advisor what is that he lied to me on this, he said this won't effect me, well it does no worries what goes around comes around.

Ignore the silly 2+2 question; your KFI/offer clearly states a fixed rate end date of Feb 2015. Whether your adviser lied to you/misled you is irrelevant for this particular question - that's something to take up with his company/the Financial Ombudsman Scheme.

99% of lenders have date specific products, Halifax rates currently end, for a 2yr rate, on 31st December 2016, for example.

amnblog

humadoon wrote: »

on my agreement it said 2 year fixed with a product end date of feb 2015, i remember asking mortgage advisor what is that he lied to me on this, he said this won't effect me, well it does no worries what goes around comes around.

I was wondering when it was going to be someone else's fault.

beecher2

getmore4less wrote: »

I see some lenders put the end dates on the web so you see when you go looking.
eg 2y fix end 17 sept 2016

I always found Halifax made it blindingly obvious when their rates ended - not sure how much more they could do to spell it out.

ACG

If in doubt - believe what is on paper.

amnblog

We had occasion to write to them last week and Halifax Mortgages are not even in Halifax!

Who can you trust?

betmunch

amnblog wrote: »

We had occasion to write to them last week and Halifax Mortgages are not even in Halifax!

Who can you trust?

Its worse than that, the whole of Lloyds Banking Group isnt even owned by a guy named Lloyd!!!!

Mortgage_Mark_2

betmunch wrote: »

Its worse than that, the whole of Lloyds Banking Group isnt even owned by a guy named Lloyd!!!!

Don't get me started on 'Virgin' Money...