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Switching to new deal
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orbison1979
Posts: 1 Newbie
Hi All,
I took out a mortgage with the Halifax in August 2014 which is fixed for 2 years. My question is, if I want to stick with the same lender, is it better to go online and switch myself? Also, is it likely when I switch I wouldn't have to pay any fees at all? Lastly, at what point is the best point to switch given that the deal ends in August this year?
Thanks for any help...
I took out a mortgage with the Halifax in August 2014 which is fixed for 2 years. My question is, if I want to stick with the same lender, is it better to go online and switch myself? Also, is it likely when I switch I wouldn't have to pay any fees at all? Lastly, at what point is the best point to switch given that the deal ends in August this year?
Thanks for any help...
0
Comments
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If you go online you are taking responsibility for getting it right yourself, if you call them up and start asking questions they will have to give you advice on whats best.
If you choose a product with fees you will have to pay them or add them to the loan, if you choose a product without fees then no.
Best time to switch is the day after your ERC ends, you should be able to set this up a couple of months in advance.
Check your paperwork for when the fix ends to be sure, Halifax is fixed until a set date rather than 2 years from completion. If you got through conveyancing quicker or slower than Halifax expect then you could have a different date.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, 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
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