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Halifax porting
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chanz4
Posts: 11,057 Forumite
Just a quick one if porting with them, make sure you check they dont charge you as did with us
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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If the sale and purchase completions were concurrent that's probably down to the solicitor ignoring the instruction to ignore the ERC in such circumstances.
If not concurrent, it's normal for the ERC to be charged and refunded when the purchase completes.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.0 -
If the Solicitor completes the paperwork correctly for a porting case and the purchase happens on the same day as the sale, Halifax do not levy the early repayment charge.
If, as sometimes happen, the Solicitor does not handle the paperwork correctly, the early repayment charge will be requested on sale.
As KS says above, if the sale happens before the purchase the ERP is charged, then refunded on purchase.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
Wouldnt suprise if didnt complete it right, was a robo type outfit although halifax recomended them. Halifax are going to refund, as well my the second payment they tookDon'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.0
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