Halifax fixed term coming to end

hvictoria2000

Hi there 

I have a mortgage with Halifax and we took out a fixed term of 2 years
That 2 years is coming to an end and I just wondered if anyone could give advice

I Will likely just be taking a new deal with Halifax as I’m not interested in remortgaging with another lender. 

Will this incur another credit check on me? Or a hard search? 

I’m only wondering as we took out a loan for home improvements and now I’m worried this will affect us getting a new rate? 

MorningcoffeeIV

No.           

Hoenir

Options to switch to a new product can be obtained on line

https://www.halifax.co.uk/mortgages/existing-customers.html

Yorkie1

A switch to a new product with Halifax will not involve any new underwriting or credit assessment, as you are not taking out a new mortgage - you're just changing interest rate.

Sokes2000

hvictoria2000 said:

Hi there 

I have a mortgage with Halifax and we took out a fixed term of 2 years
That 2 years is coming to an end and I just wondered if anyone could give advice

I Will likely just be taking a new deal with Halifax as I’m not interested in remortgaging with another lender. 

Will this incur another credit check on me? Or a hard search? 

I’m only wondering as we took out a loan for home improvements and now I’m worried this will affect us getting a new rate? 

No, you will not need to undergo any credit checks.. You will just be switched onto whatever new deal you have opted with Halifax.

amnblog

See this thread

https://forums.moneysavingexpert.com/discussion/6495572/halifax-fixed-rate-coming-to-end-tailored-rate-offered-is-higher-than-web-rates#latest

ragtime27

As existing customer you can login to halifax website and you know which product to accept  without calling them then pick one, if you wish to call them for mortgage advice one of mortgage advisors goes through your options( no hard check)
Or you can through mortgage broker(same rates, however the advantage if the rates drops before the beginning of your product, it drops as well)
Halifax cut their rates today up 0.92% for existing customers

amnblog

ragtime27 said:

As existing customer you can login to halifax website and you know which product to accept  without calling them then pick one, if you wish to call them for mortgage advice one of mortgage advisors goes through your options( no hard check)
Or you can through mortgage broker(same rates, however the advantage if the rates drops before the beginning of your product, it drops as well)
Halifax cut their rates today up 0.92% for existing customers

You do not usually get the same rates direct or with a Broker. You usually get a wider range of options via a Broker, particularly for borrowing over £150,000.

ragtime27

amnblog said:

ragtime27 said:

As existing customer you can login to halifax website and you know which product to accept  without calling them then pick one, if you wish to call them for mortgage advice one of mortgage advisors goes through your options( no hard check)
Or you can through mortgage broker(same rates, however the advantage if the rates drops before the beginning of your product, it drops as well)
Halifax cut their rates today up 0.92% for existing customers

You do not usually get the same rates direct or with a Broker. You usually get a wider range of options via a Broker, particularly for borrowing over £150,000.

strangely i have  just remortgaged £152,000 with same lender(Halifax) 2years fixed, starting 01/02/2024 via L&C, they couldn't find anything cheaper with the same lender, they came back with same rate i was offered, same rate with Halifax intermediaries.