Fixed mortgage change

skyepark

I rang l&c to get mortgage advice but he was more interested in pushing cover. I am currently on halifax 1.99% he advised me to stay with halifax for a 2.04% product since we owe less then 100k. (98k) He mentioned a discharge fee so it not being worth switch in company. I have seen a 1.5% nationwide £20 fee.


Should I call halifax myself to re negotiate or is that not possible. I'm a bit disappointed since the time we fixed the base rate went down... any help comments advice appreciated. Thanks.

kingstreet

Just look at your mortgage account online and see the customer retention or 'product transfer' options.

You end up paying the Halifax mortgage account fee whether you leave now or remain with them until the end of the term, so that would not be a reason not to leave them IMHO.

There are plenty of places you can remortgage with no fees whatsoever (with better future customer retention options) and as I say, you are paying the Halifax fee stay or go...

Trickzyy

Hi Skyepark,

If you are coming to the end of your fixed rate, it is certainly worth speaking to another broker to see what rates are available, rather than reverting to the SVR. You could call Halifax directly and see what they can offer, but you are limiting yourself to 1 provider who may or may not be offering the best deal.

There are lots of lenders who will offer a free valuation, free arrangement fee and free legal expenses, but this would totally depend on your situation.

skyepark

I have found nationwide 1.5% no fees and cashback. Am I missing something as to why l&c didn't point this out to me? Can you recommend any fee free brokers out there?