End of fixed - Halifax

getmore4less

With most lenders you can get an idea of what's out there by using the intermediaries sites.

Often quicker and easier than trawling through the consumer site where some lenders try to hide products.


Halifax only show the zero fee options to consumers
There are other fee based options.
That 1.83 comes with a £1k fee
https://www.halifax-intermediaries.co.uk/products/mortgages/default.aspx

amnblog

getmore4less wrote: »

where some lenders try to hide products.

But why do they do this?

haras_nosirrah

It may come with a 1k fee but still works out cheaper overall for the op by 5k over 5 yrs (even with the 1k factored in)

No idea why brokers get it cheaper but it sends out a message not to just go straight to the lender without checking with a broker especially as many brokers don't charge to do product transfers.

The op may well still be better off changing lender but if they decide not to and to stay with Halifax by doing the product transfer via a broker they can save 5k over the next 5 yrs.

Natwest are the same. Brokers get better product transfer offers than the lender direct. Again no idea why but there you go

getmore4less

amnblog wrote: »

But why do they do this?

Might be to push customers towards intermediaries to reduce the internal admin overheads of the not so smart borrowers.

With Halifax having higher rates for smaller mortgages they are rarely a good choice long term.

blueblazer

Thanks for your help on this - I’ve learnt a few things!