Halifax switch rate

Hi all, I have a mortgage with Halifax since December on a three years fixed rate (3.15% rate). I bought a shared ownership flat in London and the value of the flat has gone up of £60,000, which means that if I were to switch rate on my mortgage I would be saving £100 a month in interest roughly.
I have asked Halifax back in February but they said that nothing can be done before 6 months have elapsed since taking out the mortgage, but before I ask them again, how likely is that Halifax will switch my rate within the fixed rate period without asking for the early repayment fees? Anyone has had the same experience with them? Thanks ☺️


  • lonibra
    lonibra Posts: 365
    First Post Name Dropper
    No chance I'm afraid. If you want to switch, you'll have to pay the ERC.
  • no chance, you also wont be able to add the ERC to the loan if you stay with Halifax. They will want it paid upfront.   You could move to a new lender and incorporate the erc to the new loan if thats appropriate
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