Halifax fixed rate

amjad171

Hello,

If I am fixed into a 5 year fix with halifax, can I change th mortgage from a interest only to repayment? and is it possible to reduce the mortgage term or do i have to wait for the 5 year period to finish?

Thanks

JoeK_3

Contact the lender and request that they make the changes.

The fixed interest rate and term are irrelevant.

JoeK

amjad171

How soon could you ask for the changes to take place, I mean if I start the 5 year fixed period on 1st sept and the mortgage term is 30 years, can I ring after a month and ask to have the term reduced to 20 years but still have the 5 year fixed rate?

Trying_to_be_good

You probably can, though some lenders charge an admin fee (I think mine is about £150) to change the term/interest only amount of the mortgage - your best bet is to just phone and ask them.

amjad171

I will have to give them a ring.