Halifax product transfer mortgage can be a simple option to getting a better rate rather then a full blown remortgage.
If your current Halifax mortgage product is about to run out the chances are we can secure you a new product at a rate far better than their current variable at 3.74%, what’s more we don’t charge you for our Halifax product transfer service.
Generic advantages of a Product Transfer:
- Better interest rates then the lender variable rates
- No or little status checks
- No valuation fees
- No legal service needed
- Fix your payments
- Quick processing time
Why Niche Advice Limited:
- We can compare remortgage product and process to see if it really is best for you to opt for a Halifax product transfer mortgage
- There is absolutely NO charge for our Halifax Product Transfer service
- Fully independent
- All of our brokers hold CeMap or higher qualifications
Example Product Rate and Fees- Halifax product transfer mortgage (Residential)
[ezcol_1quarter]Initial Rate: 1.39%[/ezcol_1quarter] [ezcol_1quarter]Subsequent: 3.70%[/ezcol_1quarter] [ezcol_1half_end]The overall cost for comparison 3.44% APRC[/ezcol_1half_end]
The total amount you must pay back, including the amount borrowed is £290,835.25
Features: Existing Halifax customers only. No legal service needed. Niche Advice does not charge a fee for arranging Halifax product transfer.
| Type and initial benefit period | Fixed until 31/01/2020 |
| Minimum deposit / equity: | 35% |
| Valuation fee | FREE |
| Booking fee | £0 |
| Lender arrangement | £999 |
| Telegraphic transfer / CHAPS fee | £0 |
| Legal fee | FREE |
| Early repayment charge | 2/0.9% of the amount repaid in the fixed period |
For more information on the best way to witch your existing Halifax mortgage rate please call complete the enquiry form on this page or call the number below.
Any property used as security, which may include your home. may be repossessed if you do not keep up repayments on your mortgage
Important Information
Residential and Buy to Let Mortgages
Rates current as at 30/10/17 . The overall cost for comparison is based on an open market value of £300,000 over a 25 year term. Right-to-Buy examples are based on a discounted purchase price of £200,000. Repayment for Residential and Interest only for Buy-to-let (unless otherwise specified). Eligibility will depend on your own personal circumstances.
KEY – ERC = Main early repayment charge.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
The information contained herein is based on research through the Trigold (IRESS UK) sourcing system. When first published to this site the data is normally 24 hours behind real time, and may or may not still be available.
A first charge over your property is required as security for the loan.
The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.
Niche Advice offers appropriate mortgage advice including to customers who are looking to change their current mortgage product with their existing lender. To find out if we can help you please complete the Contact Form on this website or call T: 020 7993 2044.
Author: Payam Azadi
Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.
