Fixed mortgage rates

My_username

Have you tried a comparison site? There are much lower rates then Halifax is offering to you right now. Rates from about 1.54% for a 3 yr fixed (payment around £440-£450 a month) if you could get employment and switch to a different lender.

csgohan4

My_username said:

Have you tried a comparison site? There are much lower rates then Halifax is offering to you right now. Rates from about 1.54% for a 3 yr fixed (payment around £440-£450 a month) if you could get employment and switch to a different lender.

Highly unlikely to get a job in a timely manner and not all lenders accept people in probation period or at least been in the job for a certain period. Not as simple as you say. 

Good Luck OP

caro100

My_username said:

Have you tried a comparison site? There are much lower rates then Halifax is offering to you right now. Rates from about 1.54% for a 3 yr fixed (payment around £440-£450 a month) if you could get employment and switch to a different lender.

Yes I tried a comparison site and like you say there are cheaper deals but I was made redundant. 

The reason I asked on here really was as I wondered with me having £170000 of equity in my house, whether I would be a good risk. My credit rating should be excellent. But it is what it is. Thanks for your reply.

caro100

csgohan4 said:

My_username said:

Have you tried a comparison site? There are much lower rates then Halifax is offering to you right now. Rates from about 1.54% for a 3 yr fixed (payment around £440-£450 a month) if you could get employment and switch to a different lender.

Highly unlikely to get a job in a timely manner and not all lenders accept people in probation period or at least been in the job for a certain period. Not as simple as you say. 

Good Luck OP

Csgohan4
You are correct, not a good time to be looking for jobs with Covid 19 doing its worst. 

I’m going to have a few weeks/months off and try to retrain.

Thanks for your comments, stay safe.

Thrugelmir

caro100 said:

My_username said:

Have you tried a comparison site? There are much lower rates then Halifax is offering to you right now. Rates from about 1.54% for a 3 yr fixed (payment around £440-£450 a month) if you could get employment and switch to a different lender.

Yes I tried a comparison site and like you say there are cheaper deals but I was made redundant. 

The reason I asked on here really was as I wondered with me having £170000 of equity in my house, whether I would be a good risk. My credit rating should be excellent. But it is what it is. Thanks for your reply.

Unfortunately while having equity helps. It's the ability to repay the debt in a timely manner that ultimately matters. Mortgage lending is a high voloume low margin business. Debt recovery is expensive and the full cost isn't recovered by the lender. 

caro100

Thrugelmir said:

caro100 said:

My_username said:

Have you tried a comparison site? There are much lower rates then Halifax is offering to you right now. Rates from about 1.54% for a 3 yr fixed (payment around £440-£450 a month) if you could get employment and switch to a different lender.

Yes I tried a comparison site and like you say there are cheaper deals but I was made redundant. 

The reason I asked on here really was as I wondered with me having £170000 of equity in my house, whether I would be a good risk. My credit rating should be excellent. But it is what it is. Thanks for your reply.

Unfortunately while having equity helps. It's the ability to repay the debt in a timely manner that ultimately matters. Mortgage lending is a high voloume low margin business. Debt recovery is expensive and the full cost isn't recovered by the lender. 

Fair point thanks.