Remortgaging

Got your mortgage with another lender and looking for a better deal? We offer great value remortgage deals if you're not moving home but want to change your mortgage lender.

And, if we think you can afford it and the value of your property is high enough, you may be able to borrow more at the same time. Our mortgage advisers will:

  • Work out how much you can afford to borrow
  • Recommend which mortgage best fits your needs and circumstances and what it'll cost
  • Talk you through the protection options available for your home.

Already got a Halifax mortgage? See if you can switch to a new deal or borrow more on your existing mortgage. Find out more.

Ways to apply

Ways to apply

Start your application online and we'll confirm whether we’re able to proceed with your remortgage.
 Continue online 


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


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

Special offers for remortgaging

At Halifax we're committed to providing our customers with a little extra help.

That's why selected remortgages come with our Remortgages Service where we'll pay our own legal fees and won't charge you for the property assessment.

Our Remortgage Service is only available for mortgage on properties in the UK (excluding the Isle of Man). If you seek additional legal advice as part of your remortgage, you must arrange to pay for these services yourself.

 View current rates 


Take out a Halifax mortgage and we'll reward you with £150 cash back if you hold a qualifying Halifax current account.

To qualify you'll need to:

  • Hold a Halifax Reward Current Account OR
  • Halifax Ultimate Reward Current Account OR
  • Any BoS Current Account OR
  • Switch your current account to us using our dedicated Current Account Switch Service and do one of the above.

Current accounts are available subject to status to customers aged 18 or over who are resident in the UK.

The £150 cashback is paid through your conveyancer on completion of your mortgage. Please note that this offer is not available on the following selected mortgages: Large Loans (£1m +), Buy to Let, Consent to Lease, Negative Equity, Product Transfer, Further Advance, Shared Equity, Shared Ownership, Halifax Concessionary Staff Scheme & third party applications through mortgage brokers or intermediaries.

 Compare bank accounts 

A remortgage is where you already have a loan on your property with another lender but you decide to move your loan to a new lender. This enables you to get a new mortgage product.

Applying to remortgage is similar to applying for a loan when buying a property. However, the process is much simpler and usually cheaper because you already own the property. Also, if we think you can afford it and the value of your property is high enough, you may be able to borrow more.

Applying for your mortgage

Prepare for your appointment by gathering useful documents you may need on the day.
For example pay slips, recent bank statements and proof of your identity.
Allow a couple of hours for your appointment.
If you're applying with someone else, make sure you can all attend the appointment because it'll save time.
Give your mortgage adviser your personal details, and details of your property.
They'll ask about your needs and circumstances and then recommend our most suitable mortgage for you.
You'll be given a Key Facts Illustration, which sets out the terms of the mortgage product and the total cost of the loan.
Please read this carefully as it contains important information.

From application to mortgage offer

We'll make enquiries about you at a credit reference agency.
We'll check you are who you say you are and live where you say you live.
We'll appoint a valuation surveyor and arrange for your property to be assessed.
We'll check the valuation report to make sure the property is worth enough to offer the loan you've asked for.
If the valuer has mentioned any major defects in the property it may mean we can't lend you the money or that we keep some back until important repairs are complete.
We'll check your employment and income details and write for any other references we may need.
When all this is done and if everything is ok, we'll write to make you a mortgage offer.
Take time to read your mortgage offer and conditions because they're really important.

From mortgage offer to the4 start of the mortgage

Your conveyancer will check your mortgage offer and the things we've asked them to do.
They'll also carry out Land Registry/Registers of Scotland searches on the property.
Your conveyancer will ask us to send them the loan money.
They'll also ask your current lender for the amount still owed on your mortgage and send them this amount on the day of completion.
Your conveyancer will make final checks at the Land Registry/ Registers of Scotland.

At the start of the mortgage

We'll send you a letter to tell you the mortgage has started.

FAQs

How much could I borrow?
What type of properties will you lend on?
Is there a minimum property value?
What should I consider when applying for a mortgage?
What insurance will I need?
Will I be charged any fees?
What happens at the end of my mortgage deal?
What happens if I want to move home in the middle my a mortgage deal? 


How much could I borrow?

We'll only lend you a certain percentage of the property valuation. You may not need to pay a deposit and you may be able to borrow more than you currently owe. This will depend on the property valuation and how much you owe on your current mortgage, as well as how much we think you can afford to borrow.

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What types of properties will you lend on?

We'll consider lending you money for different types of property. Any loan we make will be subject to a satisfactory property assessment by a surveyor of our choice.

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Is there a minimum property value?

While we'll consider many types of property, we've a responsibility to ensure that a property is suitable security for a mortgage. As a result, we'll not lend against properties where the valuation is below £40,000.

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What should I consider when applying for a mortgage?

Mortgages can last for a long time, so it's important you get the one that's right for you. You'll need to think about such things as the type of loan, how long you want it for and what type of product you'd like.

Methods of repayment - there are three different ways of repaying your mortgage. These are repayment, interest-only, and a combination of repayment and interest-only.

Mortgage terms - mortgage terms of up to 40 years are available. How long the mortgage lasts will affect your monthly payments and the total cost of the mortgage. With a repayment mortgage, the longer the term, the lower the monthly payment. However, it'll take you longer to pay off the loan so you will pay more interest. This means it'll cost you more over the life of your mortgage. With an interest-only mortgage, the length of the term makes no difference to the monthly payments because these are only paying off the interest charges and not the loan itself. With an interest-only mortgage your mortgage term needs to match the time when you will have enough money in your repayment plan(s) to repay the loan.

Mortgage products - we may have different types of mortgage products with different types of interest rates. These change from time to time and we'll give you details of the current range when you apply.

Product incentives - from time to time we may offer mortgage products that include an incentive. The interest rate for products with incentives may sometimes be slightly higher than for products without incentives. So you'll need to consider whether the incentive available at the start of the mortgage is more important to you than the slightly lower interest rate you may get during the product rate period without the incentive.

Your mortgage adviser will ask you about your preferences and discuss your needs and circumstances before deciding which mortgage to recommend to you.

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What insurance will I need?

It's a requirement of your mortgage to have buildings insurance. This covers the bricks and mortar, fixtures and fittings. It's also a good idea to take out contents insurance as well - this protects all your possessions in your home, from furniture to jewellery.

You may want to look into insurance to protect your mortgage for example Life Cover and Critical Illness Cover.

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Will I be charged any fees?

You may be charged a mortgage account fee which is an interest-free fee charged on new mortgage completions. Depending on the mortgage product, there may be a product fee to pay. You'll need to check our current rates for full details. Any product fees can be added on to your mortgage on completion. There could be other charges and standard costs which you may have to pay during the course of setting up your mortgage. You'll be charged interest on any fees, charges and standard costs added to your loan.

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What happens at the end of my mortgage deal?

When you take out your mortgage, you arrange to have a fixed or variable rate product for a period of time. At the end of this time, the product will end and your loan will usually be transferred to one of our lender variable rates. At this point, you may choose to move it to a new product for a further period of time.

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What happens if I want to move home in the middle of my mortgage deal?

It's sometimes possible to take a product with you to a new mortgage - we call this 'porting‘. Your Key Facts Illustration and offer letter will say if any of your products are portable.

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Our current rates

These are our current fixed rate mortgages available today. There'll only be certain deals which fit your mortgage amount and your loan to value band. When you apply for a mortgage, our mortgage advisers will ask you about your needs and circumstances and then recommend our most suitable mortgage for you.


Mortgages up to £1 million

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 Mortgage amount

Extra benefits 

2 years 1.89% Currently 3.99% 28/02/2017 3.8% APR £1,995 0-60% 28/02/2017 £200k-£1m Halifax Remortgage Service*
2 years 2.09% Currently 3.99% 28/02/2017 3.7% APR £495 0-60% 28/02/2017 £0-£1m Halifax Remortgage Service*
2 years 2.29% Currently 3.99% 28/02/2017 3.7% APR £0 0-60% 28/02/2017 £0-£199,999 Halifax Remortgage Service*
2 years 2.09% Currently 3.99% 28/02/2017 3.9% APR £1,995 60-75% 28/02/2017 £200k-£1m Halifax Remortgage Service*
2 years 2.29% Currently 3.99% 28/02/2017 3.8% APR £495 60-75% 28/02/2017 £0-£1m Halifax Remortgage Service*
2 years 2.49% Currently 3.99% 28/02/2017 3.8% APR £0 60-75% 28/02/2017 £0-£199,999 Halifax Remortgage Service*
2 years 2.69% Currently  3.99% 28/02/2017 3.9% APR £495 75-80% 28/02/2017 £0-£1m Halifax Remortgage Service*
2 years 2.89% Currently  3.99% 28/02/2017 3.8% APR £0 75-80% 28/02/2017 £0-£1m Halifax Remortgage Service*
2 years 2.94% Currently  3.99% 28/02/2017 3.9% APR £495 80-85% 28/02/2017 £0-£1m Halifax Remortgage Service*
2 years

3.14%

Currently  3.99% 28/02/2017 3.9% APR £0 80-85% 28/02/2017 £0-£1m Halifax Remortgage Service*
5 years

3.19%

Currently 3.99% 29/02/2020 3.7% APR £495 0-60% 29/02/2020 £0-£1m Halifax Remortgage Service*
5 years 3.39% Currently 3.99% 29/02/2020 3.8% APR £0 0-60% 29/02/2020 £0-£1m Halifax Remortgage Service*
5 years 3.64% Currently 3.99% 29/02/2020 4.0% APR £495 60-75% 29/02/2020 £0-£1m Halifax Remortgage Service*
5 years 3.84% Currently 3.99% 29/02/2020 4.0% APR £0 60-75% 29/02/2020 £0-£1m Halifax Remortgage Service*
5 years 3.98% Currently 3.99% 29/02/2020 4.1% APR £495 75-80% 29/02/2020 £0-£1m Halifax Remortgage Service*
5 years 4.18% Currently 3.99% 29/02/2020 4.2% APR £0 75-80% 29/02/2020 £0-£1m Halifax Remortgage Service*
5 years 4.39% Currently  3.99% 29/02/2020 4.3% APR £495 80-85% 29/02/2020 £0-£1m Halifax Remortgage Service*
5 years 4.59% Currently  3.99% 29/02/2020 4.4% APR £0 80-85% 29/02/2020 £0-£1m Halifax Remortgage Service*


Mortgages over £1 million

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 Mortgage amount

Extra benefits 

2 years 2.69% Currently 3.99% 28/02/2017 4.0% APR £1,995 0-60% 28/02/2017 £1m-£5m Halifax Remortgage Service*
2 years 3.09% Currently 3.99% 28/02/2017 4.1% APR £1,995 60-70% 28/02/2017 £1m-£5m Halifax Remortgage Service*
2 years 3.39% Currently 3.99% 28/02/2017 4.2% APR £1,995 70-80% 28/02/2017 £1m-£2m Halifax Remortgage Service*
5 years 3.59% Currently 3.99% 29/02/2020 4.1% APR £1,995 0-60% 29/02/2020 £1m-£5m Halifax Remortgage Service*
5 years 3.98% Currently 3.99% 29/02/2020 4.3% APR £1,995 60-70% 29/02/2020 £1m-£5m Halifax Remortgage Service*


Our rates are only guaranteed for applications made today. We reserve the right to change our product range at any time.

* The Halifax Remortgage Service is only available for mortgage on properties in the UK (excluding the Isle of Man). We'll pay our own legal fees and won't charge you for the property assessment. If you seek additional legal advice as part of your remortgage, you must arrange to pay for these services yourself.


How to apply

Whether you start your application online, over the phone or in branch, your application will start in the same way by getting a Mortgage Promise

1. Get a Mortgage Promise

We'll ask you to provide a few personal details about you and anyone else who will be named on the mortgage. We'll contact a credit reference agency for a credit search and give you a credit score. If you reach our pass mark, we'll provide a personalised Mortgage Promise for how much we can lend you.

To get a Mortgage Promise, you'll need the following:

  • Address details for the last 3 years
  • Employment and income details for the last 18 months
  • Any outstanding financial commitments

Start your application online
You'll need all your details to hand and about 30 minutes to complete the form.

Call us on 08458 50 37 05
Open Mon-Fri 8am-8pm and Sat 9am-4pm (closed on Sundays and Bank Holidays).

Come into branch
Book an appointment online beforehand - we'll call you back to confirm a day and time.

2. Begin your full application 

Once you've got your Mortgage Promise, you'll need to speak to one of our qualified mortgage advisers over the phone or in branch. If you started your application online, you'll be asked to provide a contact number so that a mortgage adviser can contact you at your preferred time.

Your mortgage adviser will ask you about your preferences and discuss your needs and circumstances before deciding which mortgage to recommend to you. They'll discuss the next steps in the application process and answer any queries you may have.

 


 

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