Product transfer with Halifax

superdudeo

Hi,

My fixed rate with Halifax finishes in September and after speaking with my broker, he advised that he will record my salary at that point but Halifax won't request it as part of the transfer.

Bearing in mind my salary might have reduced slightly from when I initially took out the mortgage, is this information correct? Why would he record it if it isn't taken into account on the product transfer?

Thanks

Foxy-Stoat_3

Does your roll number start with an A?

superdudeo

Where would I find that?

Foxy-Stoat_3

Any correspondence from Halifax and or your statement

superdudeo

Cannot find anywhere apart from my original valuation letter which starts with a number

Foxy-Stoat_3

When you go to the new system if you want to fix another rate for 2/3/5 years then you will need to run through a new application with Halifax anyway, telephone interview and all that.

I wouldn't speak to your broker though, just go direct to Halifax in August and maybe check it with a broker then if your not happy with the best fixed rate with Halifax.

superdudeo

Thanks for the info, I am sure you know best but when I was researching this a few months back, the advice was to use a broker as this seemed to work better than going direct?!

Foxy-Stoat_3

Agreed, I used a broker and he placed me with Halifax. When my 2 years was over I called Halifax, and fixed another deal, if your on the old A numbers then you cannot do this in branch.

Once your one the new system then you can make changes at the branch.

Telephone interview took a hour or so, signed paperwork and had to send in payslips, all done and dusted in 2 weeks, including the legals.

I wouldn't worry about it until a month before your deal ends though.

chanz4

Foxy-Stoat wrote: »

Agreed, I used a broker and he placed me with Halifax. When my 2 years was over I called Halifax, and fixed another deal, if your on the old A numbers then you cannot do this in branch.

Once your one the new system then you can make changes at the branch.

Telephone interview took a hour or so, signed paperwork and had to send in payslips, all done and dusted in 2 weeks, including the legals.

I wouldn't worry about it until a month before your deal ends though.

you don't have an interview if you do it online

Foxy-Stoat_3

chanz4 wrote: »

you don't have an interview if you do it online

You do if your roll number is "A ****** ", their old system.

kingstreet

I suspect the "A" numbers not migrated to the "10" system are the interest-only and into-retirement loans they want to keep an eye on and are doing that by preventing the borrower from accessing new products on an execution-only basis.