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Remortgaging Halifax product transfer rate
pw007
Posts: 24 Forumite
Hi my fixed term ends at the June with the Halifax, since New Year’s Eve I can log in and see what they are offering as a product transfer which is currently 4.75%. My question is other lenders are cutting rates (I can find some £100 cheaper per month) do Halifax cut rates for product transfer and when do they update them?
Thanks
Thanks
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I called Halifax a couple of days ago to ask when they are going to update their product transfer rate for existing customers and they said they already did!I’m looking a remortgage elsewhere as my ltv is good and my credit is squeaky clean so I’m sure I can get a better rate which is £100+ a month cheaper.0
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Ah right that’s not great. My ltv is 61% and have good credit aswell so I think I will look elsewhere0
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Can you put some money towards and get that LTV to 60% or below. You will get the very best rates at that.pw007 said:Ah right that’s not great. My ltv is 61% and have good credit aswell so I think I will look elsewhere0 -
Tbh I haven’t got any spare money like that. Been playing around on the remortgage calculators I noticed the difference. One thing I didn’t take into consideration was my age and length of mortgage. I’m 39 and took out 35 year mortgage 5 years ago. Will I just be allowed a maximum of 30 years now?0
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If you have a larger mortgage (say over £250,000) you could talk to a Broker to get a 4.62% rate with Halifax.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 -
My mortgage currently stands at £138,3130
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Looks like the 4.75% thenpw007 said:My mortgage currently stands at £138,313I 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 -
amnblog said:
Looks like the 4.75% thenpw007 said:My mortgage currently stands at £138,313amnblog said:
Looks like the 4.75% thenpw007 said:My mortgage currently stands at £138,313
No chance of Halifax dropping the rate even though rates are falling then?amnblog said:
Looks like the 4.75% thenpw007 said:My mortgage currently stands at £138,3130 -
They dropped it 1st Jan. It is very rare for then to change product transfer rates mid month. Any further change would be 1st Feb in all probabilityI 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 -
amnblog said:They dropped it 1st Jan. It is very rare for then to change product transfer rates mid month. Any further change would be 1st Feb in all probability
Ok thanks. I don’t need to remortgage til June 31st so hopefully they will drop a bit by thenamnblog said:They dropped it 1st Jan. It is very rare for then to change product transfer rates mid month. Any further change would be 1st Feb in all probability0
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