Halifax mortgage - deal ending

dont_use_vistaprint

kingstreet said:

Are you aware of this? Prompted by your disclosure of lack of UK income. If irrelevant, please ignore.

This appears in all current Halifax product transfer offers.

"We're changing our Mortgage Conditions

Our mortgage agreement with you includes the Halifax Mortgage Conditions 2019. Those conditions now include the following update to Chapter 14 and new Chapter 17.

Chapter 17 - Living abroad

We agreed to your mortgage on the basis that you will use the property as your only or main home. The exception to this is if your mortgage is a buy to let mortgage where you agreed that you would not live in the property but you would live in the United Kingdom. These conditions set out our rights if you no longer live in the United Kingdom.

You must promptly give us your new address if you move, or intend to move, to live outside the United Kingdom.

What we may do if you move to live outside the United Kingdom

If you move to live outside the United Kingdom or we reasonably believe that you have done so the following applies.

Where we believe that your move outside the United Kingdom might cause us to:

• break any laws or regulations in the United Kingdom or elsewhere; or

• be subject to action from any government, regulator or other authority in the United Kingdom or elsewhere,

We may not be able to provide you with your mortgage or some mortgage services (such as product transfers or additional borrowing). We may also ask you to repay everything you owe under your mortgage.

If we ask you to repay your mortgage, we'll give you 6 months' notice unless the regulator in the country you're living in insists we ask you to repay your mortgage sooner. If so, we will give you less notice. At the end of this notice period you must pay immediately if you haven't already done so. This is as well as when you need to pay immediately in Chapter 12.

If you don't repay everything you owe, we might get a court order to gain possession of your property to allow us to sell it. We can also take any other action in Chapter 13."

I think most financial products have this including pensions and ISA’s