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Re-mortgaging From Halifax to Nationwide
JamesStam
Posts: 18 Forumite
Afternoon all,
My wife bought her house in September 2015.
She took a £100,000 mortgage with Halifax.
The fixed term was 2 years. That ended on 30/09/2017.
Since then she's been paying a standard variable rate of 4.24%.
We got married in April 2018 and I moved in.
I'm helping her re-mortgage to Nationwide.
We are in communication with the Conveyancer (through Nationwide) who seem be providing a very good service. We are re-mortgaging in my wife's name only and to a shorter term (20 years instead of 26) and a reduced rate of 2.19%.
In the mean time, I asked my wife to ask Halifax for a Final Settlement Figure.
Her outstanding balance is roughly £93,900 including a mortgage fee.
Surprisingly the final settlement figure is approximately £94,400.
I'm not sure she has her initial Mortgage Agreement or Illustration so I can't view any fees or Early Repayment Charges she would incur, but I was under the impression that all fees are waived outside of the fixed rate. Am I correct ?
Has anyone else re-mortgaged away from Halifax and had to pay any sort of fees to do so outside of the fixed window?
Last question - is there any benefit or disadvantage to me remaining off the mortgage ? We have just tried to keep this simple for now as she can afford it off her own income. I do not own my own home or have a mortgage in my name.
Many thanks in advance,
James
My wife bought her house in September 2015.
She took a £100,000 mortgage with Halifax.
The fixed term was 2 years. That ended on 30/09/2017.
Since then she's been paying a standard variable rate of 4.24%.
We got married in April 2018 and I moved in.
I'm helping her re-mortgage to Nationwide.
We are in communication with the Conveyancer (through Nationwide) who seem be providing a very good service. We are re-mortgaging in my wife's name only and to a shorter term (20 years instead of 26) and a reduced rate of 2.19%.
In the mean time, I asked my wife to ask Halifax for a Final Settlement Figure.
Her outstanding balance is roughly £93,900 including a mortgage fee.
Surprisingly the final settlement figure is approximately £94,400.
I'm not sure she has her initial Mortgage Agreement or Illustration so I can't view any fees or Early Repayment Charges she would incur, but I was under the impression that all fees are waived outside of the fixed rate. Am I correct ?
Has anyone else re-mortgaged away from Halifax and had to pay any sort of fees to do so outside of the fixed window?
Last question - is there any benefit or disadvantage to me remaining off the mortgage ? We have just tried to keep this simple for now as she can afford it off her own income. I do not own my own home or have a mortgage in my name.
Many thanks in advance,
James
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