Lloyds Private Banking

Mark_d

I'm currently in the process of remortgaging to a 1-year fixed-rate interest-only mortgage with Halifax.  I think interest-only mortgages are the future for me and I don't know why I initially opted for repayment when buying my current home.

Looking to future remortgages, how can I give myself the best chance of having low-rate deals available to me, and give myself the best change of being accepted?  Do I sign up for Lloyds Private Banking?  Or would I be able to get good rate going forward by keeping my Halifax mortgage and not changing my current account?

El_Torro

The mortgage market is a moving beast, today's bank offering the best deal may be the worst deal in 3 months time. It depends on how many customers they want to attract. Other than trying to have as much equity as possible in your property (at least 40% anyway) I don't see an easy way to get the best deals open to you indefinitely. 

Interest only mortgages make a lot of sense for some people. Easy to forget that the capital needs to be repaid eventually though.