Halifax Mortgages! SHOCKING NEWS

WF3

I can't believe it! rates have shot up today!

5 year fixed was 5.79% 90% LTV

now it's

5 year fixed at 6.29% 75% LTV :eek:

How can they justify this ????? disgusting!

They "advised" me to wait a few weeks and see before renewing my mortgage with them, I know why now!

LillyJ

When their rates went up last time they actually hurried us along to get our application in on time, which was quite nice of them. Rates have gone up for our particular mortgage by 1% since we got ours, and we only got the formal offer last week.

~Beanie~

I've just noticed that as well

Strange thing is, when I went through the whole 'How much will I pay each month?' thing, the old rates were still showing, but not if I just clicked on their fixed rates

sarkin

I have a client who does not want to comit to 5.83% fix for 5 years with free valuation and free legals, she wants to hold on as rates are coming down. Oh well you can take a horse to water .....

Noz

They don't really have to justify it.

Gailk

sarkin wrote: »

I have a client who does not want to comit to 5.83% fix for 5 years with free valuation and free legals, she wants to hold on as rates are coming down. Oh well you can take a horse to water .....

Eh? Good luck to her!
We have today just completed our remortgage at 5.63% for 5 years with Nationwide. We got in just before the first lot of rate increases and ares so relieved it's all gone through today!

_Andy_

Agreed with Noz. They can charge what they want, no-one's forced to take any of their products. Like any lender they're there to make money.

UK007BullDog

LOL, its their money and they can do what they want. If someone does not like it they can go elsewhere and pay fees to leave and fees to go to a new lender.......

UK007BullDog

So the £100 Billion the Government wants to give them has made no difference at all.

payless

For those that are stuck with Halifax as existing lender ( maybe due to change of circumstances) its worth contacting a broker, as some will have exclusives ( product transfers) that might beat going direct esp larger loans ( now thats a turn up for the books!)

mpsavuk

sarkin wrote: »

I have a client who does not want to comit to 5.83% fix for 5 years with free valuation and free legals, she wants to hold on as rates are coming down. Oh well you can take a horse to water .....

Some people just don't get it do they?

:rotfl: