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Halifax Product Transfer

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Comments

  • kingstreet
    kingstreet Posts: 39,290 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 2 March 2023 at 4:13PM
    xzibit said:
    Our fixed rate ends with Halifax soon. Our paperwork says we will revert to 4.24%. This was dated January 2020. What will we actually revert to? That paperwork is all we have stating the payments after the fixed rate ends. 
    Halifax current SVR is 6.99%.

    Your paperwork will state that you will revert to the SVR. It will give you the rate at the time the paperwork was issued but that is not a guaranteed rate. 
    7.49% on a PT offer I did this AM. Scroll down to the bottom;-

    https://www.halifax-intermediaries.co.uk/
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • xzibit
    xzibit Posts: 662 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Wow. If we wanted to sell our house and therefore drop onto the SVR we’d be paying an unaffordable amount. Selling might be tricky. 
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    yup I applied monday and that was the svr told
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
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