Time to switch to a new deal?
Is your current Halifax mortgage deal ending? Or perhaps you’re on one of our lender variable rates and want the reassurance of a fixed rate. Whatever your situation we'll help you find the best deal for you.
- Talk to a mortgage specialist about your options
- Easy to arrange
- No legal fees to pay
- Valuation not usually required
- Early Repayment Charges waived on existing deals with 3 months or less to run
- You can start your application online, visit your local branch or give us a call.
Not available on existing Halifax Buy to Let or Halifax Retirement Home Plan mortgages.
Our rates are only guaranteed for applications made today. We reserve the right to change our product range at any time.
If you're currently on the Halifax Standard Variable Rate, this won't be available at the end of your new deal. Instead your interest rate will automatically change to the Halifax Homeowner Variable Rate.
If you’ve any interest-only borrowing and you’re looking for a new deal, you must have a repayment plan in place.
Need some help?
Our rate tables explained
Fixed rate table
|Halifax Homeowner Variable Rate thereafter||For the remainder of the term from||The overall cost for comparison
|Product fee||LTV||Early Repayment Charges until||Loan amount|
|2 Years||x.xx%||Currently x.xx%||31/01/2014||x.x% APR||£995||0-60%||31/01/2014||£0-1m|
Term - The term is the approximate length of your mortgage deal. Depending on when your mortgage starts, the actual term could be slightly longer or shorter than that stated. The exact date this rate will finish can be found in the ‘For the remainder of the term from’ column.
Initial rate - This is the initial rate of interest, which is charged on your mortgage during the fixed-rate deal period. Find out more about fixed rate mortgages.
Halifax Homeowner Variable Rate thereafter - When your initial rate ends you will automatically move onto the Halifax Homeowner Variable Rate (HHVR). When this happens the HHVR could be higher or lower than the initial rate of your mortgage deal. If you do not want to automatically move onto the HHVR you could choose to switch to other mortgage deals available at that time.
For the remainder of the term from - This shows the date that your initial rate finishes and when your mortgage will move onto the Halifax Homeowner Variable Rate, unless you choose to switch to a new deal at that time.
The overall cost for comparison is - This column shows the ‘Annual Percentage Rate’ (APR) for the product. This takes into account all the costs of a mortgage – giving you the ‘overall cost for comparison’. An APR is calculated in a standard way to allow you to compare different mortgage offers, including those from other lenders.
The APR includes important factors such as:
- The initial interest rate you must pay
- How you repay the loan
- The full length of the mortgage term
- Frequency and timing of mortgage payments
- Certain fees associated with the mortgage.
Product fee - This column indicates if the mortgage has a product fee and how much it is for this particular deal. Generally the higher the product fee, the lower the initial interest rate.
LTV – stands for loan to value. This is the proportion of the value or price of the property (whichever is the lower), that you borrow on a mortgage. For example, a £90,000 mortgage on a house valued at £100,000 would mean a LTV of 90%
Early Repayment Charges until - Some Halifax mortgages may carry charges if you repay, part repay, or switch to a different mortgage within a certain period - these are called Early Repayment Charges. This column shows the date that the charge applies until. The charges will be a percentage of the amount borrowed, though that percentage could be different year-on-year - full details of Early Repayment Charges can be found in your Key Facts Illustration.
Loan amount - This shows the range within which you can apply for borrowing on this mortgage rate. In the above example, you would not be offered the mortgage rate if you wanted to borrow more than £1 million.