One for the brokers please guys

Dan_Collins_2

Hi Brokers

Can anybody confirm they recieved an email from the Halifax last friday about 4pm confirming products changing?

Guess what, all five of our brokers did not!

Regards

sarkin

No email here

_Andy_

Nope me neither.

jediknightwarrior

This is a copy of the email received at 16.07pm on 25/04/2008

Product Change - Saturday 26th April 2008
Key Changes
Fixed

Fixed rates from 6.22% with £999 fee Homemover and First Time Buyer
10 year fixed rate - Homemover and Remortgage fee
down from £1499 to £999
Trackers

New 3 year trackers introduced Remortgage Homemover & First Time Buyer
Choose from 2, 3, 5 year or term trackers all from
6.64% (0-75 LTV) and 6.99% (75-90 LTV)
Fees vary
Trackers & Large Loans

Now one product code for both Homemover and Remortgage cases. Please ensure you select the correct customer type
(Capital raising on mortgage free properties should be keyed as Homemover)
New Build

Rate changes - fees remain unchanged
Sustainable 3 year fixed rate 6.44% £1499 fee 0-90% LTV
Product Transfers and Further Advance
Product Transfer and Further Advance LTV bands changed
NOW less than 75% LTV & more than 75% LTV
Changes to selected fixed and tracker rates
With the 10 year fixed product reduced to 6.19% (£999 fee) for less than 75% LTV
Term tracker ERCs now 3%, 2%
Further Advance Only product CLA087 removed

PRODUCTS WILL NOT BE BOOKED FOR KFI OR SIMILAR

• Halifax Intermediaries Online will be updated Saturday 26th April 2008.
• Sourcing systems will be updated Saturday 26th April 2008.
• The product matrix on www.halifax-intermediaries.co.uk will be updated from Saturday 26th April 2008, please refer to this for the full list of withdrawn and changed products.
• Intermediary Sales Support will be available to take any queries until 6pm Friday 25th April 2008.
• To secure current products online business can be keyed up until 8pm Friday 25th April 2008.

payless

I got it.. same as above

sarkin

Nice to see rates comming down now the BoE are printing money again. Oh hang on a second those rates are higher

Dan_Collins_2

I did not get an email, and it nearly cost me the deal. Halifax seemed sheepish but lucky for me Abbey have just released a better rate, phew!

Keep it coming though, I have a feeling they kept some info back to manage work flow.

MortgageMamma

I got it too, I can't understand why you wouldnt get it if you normally get it. Very odd. Personally I dont know about you fellas but I'm sick to the back teeth of seeing emails about rate changes and criteria changes and packagers going bust. I really have to force myself to pay attention to them at the moment!

Tiddler_2

Dan_Collins wrote: »

I did not get an email, and it nearly cost me the deal. Halifax seemed sheepish but lucky for me Abbey have just released a better rate, phew!

Keep it coming though, I have a feeling they kept some info back to manage work flow.

You mean you didn't send them to get a direct deal or try HSBC?

Dan_Collins_2

Tiddler wrote: »

You mean you didn't send them to get a direct deal or try HSBC?

No, they needed a lot of advice and the deal was correct for what they wanted, long story!

I am getting feed up with lenders, if this goes on for to long then bye bye brokers.

We cant even charge a fee and apply for them, it has to go direct. You can charge £150-£250 for research but not £500 just to say go direct.