We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Halifax early redemption
TBeckett100
Posts: 4,732 Forumite
Hello
I have three months left in my fixed rate and planning to move in two. The new mortgage will be with Halifax as well on a help to buy equity basis.
Do I need to port the current mortgage and have a top up or can I just exit that mortgage and set up a new one? The chap I spoke to at Halifax intimated that if I start a new mortgage within three months then I may get a refund on the ERC.
Also on my mortgage promise it just asks for payslips, but no bank statements. I thought Lenders need bank statements?
I have three months left in my fixed rate and planning to move in two. The new mortgage will be with Halifax as well on a help to buy equity basis.
Do I need to port the current mortgage and have a top up or can I just exit that mortgage and set up a new one? The chap I spoke to at Halifax intimated that if I start a new mortgage within three months then I may get a refund on the ERC.
Also on my mortgage promise it just asks for payslips, but no bank statements. I thought Lenders need bank statements?
0
Comments
-
You can't port to an HTB mortgage.
We had a case recently and checked it out. You can only choose the HTB/Affordable Housing product and will have to pay the ERP if you are still within the penalty period.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards