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 a great new deal.

  • Easy to arrange
  • No legal fees to pay
  • No valuation required
  • Apply online, give us a call or come into branch
  • Same deals available no matter how you apply
  • Early repayment charges waived on existing deals with 3 months or less to run

Not available on existing Halifax Buy to Let or Halifax Retirement Home Plan mortgages.


If you don't have a Halifax mortgage and you're looking to switch from your current lender, why not take a look at our remortgaging deals?


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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Ways to apply

Switch online if you don't need any advice and you're not making any other changes to your existing mortgage.
 Continue online 


Talk to us if you need advice or want to make other changes to your existing mortgage.

Call us on 08458 50 37 05
Mon-Fri 8am - 8pm Sat 9am - 4pm

Or come into branch - you'll need to book an appointment beforehand

Steps to switching

Current rate about to end

Check what lender variable rate you will automatically change to.
You might be happy to stay on this.
See if we have any deals available for you to transfer to.
Check our current deals.
Check your latest statement to see if there will be any early repayment charges to pay if you switch some or all of your mortgage to a new product.
If there are, think about whether you can pay these. You can’t add these to your mortgage loan.

Before you make your application

If you want to apply for a new deal, choose the way you want to apply.
If you want advice from a mortgage expert then you can book an appointment in a branch or apply over the phone. You can also apply online but if you do, you cannot get our advice and will have to make your own choice.
Before you make the application, make sure that everyone named on the mortgage can attend the appointment or call.
Everyone will need to provide some information about themselves and agree to any changes.
Gather useful documents that you may need.
For example, pay slips, recent bank statements, details of any Repayment plans (if you have an interest-only mortgage).

Make your application

If we are providing you with our advice, you’ll be asked about your needs and circumstances.
This will enable our mortgage adviser to recommend the most suitable deal for you.
If you choose to apply online, we won’t be able to ask you about your needs and circumstances.
We’ll offer you products based on our assessment of the percentage of the loan to value of your property and you will then need to make your own choice.
We may ask about your financial commitments.
This may include making enquiries about you at a credit reference agency. This is so that we can decide if we think that you can afford the new monthly payments.
If any part of your loan is to be on interest-only, we will check whether you have suitable repayment plans in place and we may request evidence of their current value.
You are responsible for making sure that you have a lump-sum available to repay any interest-only loans at the end of the mortgage term.

The paperwork

You'll be given or sent a Key Facts Illustration (KFI) that sets out the terms of the mortgage and the total cost of the loan together with a declaration.
Read these carefully as they contain important information.
If you have received our advice, you also receive a Reasons for our Recommendation letter.
This sets out why we have chosen this particular mortgage for you.
Sometimes we’ll ask you to transfer the whole of your mortgage onto our latest mortgage conditions.
If we do, you'll get a copy of these at the same time as you get the KFI and declaration.
Take time to read all these documents before you agree to the transfer - they are really important.
You’ll need to agree to proceed with your application before we can make you a formal offer.

From Application to completion

When you have agreed to proceed with the application we’ll make you a formal offer.
You should read your offer carefully to make sure you are still happy to go ahead. You don’t need to do anything else unless you change your mind. If so, you should contact us immediately so that we can stop the transfer taking place.
We’ll send you a letter saying when the transfer will take effect from.
The letter will also tell you when we’ll start collecting your new monthly payment.
Product Transfers usually happen on the first of the month after you make your application.
However, sometimes it can take a little longer, for example if you make your application near to the month end or if you don’t return any paperwork quickly. If this happens, the transfer will usually take effect from the first of the second month after you make your application.

FAQs

What do I need to do if my current deal is ending?
How do I know which lender variable rate will apply at the end of my current deal?
When can I switch deals?
How do I know which deal to choose?
What do I need to apply online?
What happens when I apply for a new deal?
What happens once I have agreed to proceed with the application?
What happens if I change my mind?
Will I have to pay any early repayment charges?
Will I be charged any fees?
Can I borrow more or make changes to my existing mortgage at the same time?


What do I need to do if my current deal is ending?

If your current Halifax mortgage deal is ending and you don't want to switch to a new deal, you don't need to do anything. You'll be automatically changed onto one of our lender variable rates.

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How do I know which lender variable rate will apply at the end of my current deal?

Your offer letter will tell you the lender variable rate that will apply at the end of your current deal. This is usually the Halifax Homeowner Variable Rate. However, if you applied for your current deal before 4th January 2011 it could be the Halifax Standard Variable Rate. The Halifax Standard Variable Rate is no longer available so if you choose to switch deals, you will never be able to go back to the Halifax Standard Variable Rate.

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When can I switch deals?

You can arrange to switch to a new deal if you're on one of our lender variable rates. As a concession, you can also switch deals if your existing deal has 3 months or less to run. If your existing deal has more than 3 months left to run you can still switch your deal, however you may have to pay early repayment charges. You can't switch to a new deal during a payment holiday or if your mortgage is currently in arrears under the care of Collections or Recoveries.

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How do I know which deal to choose?

Our current mortgage deals are based on how much you owe in relation to how much we think your property is worth. This is known as your loan to value (LTV) and it's expressed as a percentage figure. If you check all our current deals there'll be a maximum of two deals which will fit your mortgage balance and loan to value band - usually a shorter term deal and a longer term deal. If you want to talk to a mortgage adviser for advice about your options you can give us a call or book an appointment in branch. It’s a good idea to make sure that everyone named on the mortgage can attend the appointment or call.

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What do I need to apply online?

If you want to apply online it'll take about 10 minutes and you'll need your mortgage account number to hand. You'll only be able to apply online if you've a 14 digit account number. You'll have either a 14 digit account number or it'll start with 'A/'. Check your latest mortgage statement or sign in to Online Banking to view your mortgage account number. If you're not registered for Online Banking yet, it's easy and only takes about 5 minutes. Find out how to register.

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What happens when I apply for a new deal?

When you apply to switch to a new deal you'll receive an illustration showing your new monthly payment and a declaration. If you have received advice, you will also receive Reasons for our Recommendation letter. If you apply online or over the phone then you'll receive these documents in the post and by email (if you’ve provided an email address). If you’ve any interest-only borrowing and you’re looking for a new deal, you must have a repayment plan in place. We may ask you to provide suitable documentary evidence.

You will need to agree to proceed with your application before we can make you a formal offer.

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What happens once I have agreed to proceed with the application?

When you agree to proceed with the application we will make you a formal offer. You should read your offer carefully to make sure you are still happy to go ahead. You do not need to do anything else unless you change your mind. We will send you a letter telling you when the transfer will take effect from and when we will start collecting your new monthly payment.

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What happens if I change my mind?

If you change your mind after submitting your application you will need to contact us immediately.

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Will I have to pay any early repayment charges?

Check your latest statement or sign in to Online Banking to see if there will be any early repayment charges to pay if you switch some or all of your mortgage to a new product. Early repayment charges are waived if there is 3 months or less to run on your existing deal. If your existing deal has more than 3 months left to run you can still switch your deal, however you may have to pay early repayment charges

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Will I be charged any fees?

There's no legal fees or valuation required but depending on the mortgage deal, there may be a product fee to pay. You'll need to check our current deals for full details. Any product fees can usually be added on to your mortgage on completion but you'll be charged interest on the fees.

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Can I borrow more or make changes to my existing mortgage at the same time?

If you're looking to borrow more at the same time as switching to a new deal, or you want to make a change to the term or repayment type of your existing mortgage, you'll have to contact us to discuss your needs and circumstances with a qualified mortgage adviser.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Our current deals

These are all our current fixed rate deals available today. There'll be a maximum of two deals which will fit your mortgage balance and your loan to value band - usually a shorter term deal and a longer term deal. To find out which deals are available to you, you can take a look online, give us a call or book an appointment online to come in to branch.


Mortgages up to £149,999

Term Initial rate Halifax Homeowner Variable rate thereafter For the remainder of the term from The overall cost for comparison is Product fee Loan to value(LTV)Early Repayment Charges until Loan amount
2 years 2.34% Currently 3.99% 31/01/2017 3.7% APR £0 0-60% 31/01/2017 £0 - £149,999
2 years 2.54% Currently 3.99% 31/01/2017 3.8% APR £0 60-75% 31/01/2017 £0 - £149,999
2 years 2.89% Currently 3.99% 31/01/2017 3.8% APR £0 75-85% 31/01/2017 £0 - £149,999
4 years 3.29% Currently 3.99% 31/01/2019 3.8% APR £0 0-60% 31/01/2019 £0 - £149,999
4 years 3.74% Currently 3.99% 31/01/2019 4.0% APR £0 60-75% 31/01/2019 £0 - £149,999
4 years 3.98% Currently 3.99% 31/01/2019 4.1% APR £0 75-85% 31/01/2019 £0 - £149,999
4 years 4.49% Currently 3.99% 31/01/2019 4.3% APR £0 85-95% 31/01/2019 £0 - £149,999
4 years 4.49% Currently 3.99% 31/01/2019 4.3% APR £0 95-120% 31/01/2019 £0 - £149,999

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE


Mortgages between £150,000 and £299,999

Term Initial rate Halifax Homeowner Variable rate thereafter For the remainder of the term from The overall cost for comparison is Product fee Loan to value(LTV)Early Repayment Charges until Loan amount
2 years 2.14% Currently 3.99% 31/01/2017 3.7% APR £0 0-60% 31/01/2017 £150k - £299,999
2 years 2.34% Currently 3.99% 31/01/2017 3.7% APR £0 60-75% 31/01/2017 £150k - £299,999
2 years 2.69% Currently 3.99% 31/01/2017 3.8% APR £0 75-85% 31/01/2017 £150k - £299,999
4 years 3.09% Currently 3.99% 31/01/2019 3.7% APR £0 0-60% 31/01/2019 £150k - £299,999
4 years 3.54% Currently 3.99% 31/01/2019 3.9% APR £0 60-75% 31/01/2019 £150k - £299,999
4 years 3.79% Currently 3.99% 31/01/2019 4.0% APR £0 75-85% 31/01/2019 £150k - £299,999
4 years 4.29% Currently 3.99% 31/01/2019 4.2% APR £0 85-95% 31/01/2019 £150k - £299,999
4 years 4.29% Currently 3.99% 31/01/2019 4.2% APR £0 95-120% 31/01/2019 £150k - £299,999

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE


Mortgages between £300,000 and £499,999

Term Initial rate Halifax Homeowner Variable rate thereafter For the remainder of the term from The overall cost for comparison is Product fee Loan to value(LTV)Early Repayment Charges until Loan amount
2 years 2.04% Currently 3.99% 31/01/2017 3.7% APR £0 0-60% 31/01/2017 £300k - £499,999
2 years 2.24% Currently 3.99% 31/01/2017 3.7% APR £0 60-75% 31/01/2017 £300k - £499,999
2 years 2.59% Currently 3.99% 31/01/2017 3.8% APR £0 75-85% 31/01/2017 £300k - £499,999
4 years 2.99% Currently 3.99% 31/01/2019 3.7% APR £0 0-60% 31/01/2019 £300k - £499,999
4 years 3.44% Currently 3.99% 31/01/2019 3.9% APR £0 60-75% 31/01/2019 £300k - £499,999
4 years 3.69% Currently 3.99% 31/01/2019 3.9% APR £0 75-85% 31/01/2019 £300k - £499,999
4 years 4.19% Currently 3.99% 31/01/2019 4.1% APR £0 85-95% 31/01/2019 £300k - £499,999
4 years 4.19% Currently 3.99% 31/01/2019 4.1% APR £0 95-120% 31/01/2019 £300k - £499,999

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE


Mortgages between £500,000 and £7,500,000

Term Initial rate Halifax Homeowner Variable rate thereafter For the remainder of the term from The overall cost for comparison is Product fee Loan to value(LTV)Early Repayment Charges until Loan amount
2 years 1.99% Currently 3.99% 31/01/2017 3.7% APR £0 0-60% 31/01/2017 £500k - £7.5m
2 years 2.19% Currently 3.99% 31/01/2017 3.7% APR £0 60-75% 31/01/2017 £500k - £7.5m
2 years 2.54% Currently 3.99% 31/01/2017 3.8% APR £0 75-85% 31/01/2017 £500k - £7.5m
4 years 2.94% Currently 3.99% 31/01/2019 3.7% APR £0 0-60% 31/01/2019 £500k - £7.5m
4 years 3.39% Currently 3.99% 31/01/2019 3.8% APR £0 60-75% 31/01/2019 £500k - £7.5m
4 years 3.64% Currently 3.99% 31/01/2019 3.9% APR £0 75-85% 31/01/2019 £500k - £7.5m
4 years 4.14% Currently 3.99% 31/01/2019 4.1% APR £0 85-95% 31/01/2019 £500k - £7.5m
4 years 4.14% Currently 3.99% 31/01/2019 4.1% APR £0 95-120% 31/01/2019 £500k - £7.5m

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE


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 and you'll need to provide suitable documentary evidence.


Ways to apply

You can apply online, come into branch or give us a call - however you choose to apply, the same deals will be available.


Applying online

This option is right for you if:

  • You don't need to talk to a mortgage adviser for advice
  • You're not looking to borrow more at the same time as switching to a new deal
  • You don't want to make a change to the term or repayment type of your existing mortgage

To switch your deal online you'll need your mortgage account number to hand. We'll show you online which deals are available to you. Your mortgage account number is on your latest mortgage statement or you can sign in to Online Banking to view your mortgage details. If you're not registered for Online Banking yet, it's easy and only takes about 5 minutes. Find out how to register.

If you need to talk to a mortgage adviser for advice about your options you can book an appointment in branch or give us a call


Applying by phone or in branch

This option is right for you if:

  • You need to talk to a mortgage adviser for advice 
  • You're looking to borrow more at the same time as switching to a new deal
  • You want to make a change to the term or repayment type of your existing mortgage

To talk to a mortgage adviser and apply over the phone you'll need to call us on 08458 50 37 05. Lines are open Monday - Friday 8am to 8pm and Saturdays 9am to 4pm. We're closed on Sundays and Bank Holidays.

To talk to a mortgage adviser and apply in branch you'll need to book an appointment beforehand. You can either pop in to branch to make the appointment or you can book an appointment online and we'll call you back to confirm a day and time.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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