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Switch your mortgage deal in around 10 minutes
Halifax mortgage deal coming to an end? You could find a new deal online with no legal or valuation fees to pay or paperwork to complete.
View your dealsAlready chosen your new deal?
Accept your documents
Switch your Halifax mortgage deal in 3 steps
You could lose your home if you don’t keep up your mortgage repayments
We value your loyalty and make switching simple
Our rates are the same whether you switch online or over the phone with a mortgage adviser.
- No legal or valuation fees to pay.
- Get a new deal in around 10 minutes.
- Your mortgage amount, term, and repayment type will stay the same.
- You can usually take your new deal with you if you move home.
- Start your switch online and speak to us about any other mortgage changes.
- Switch today or lock in a rate to move to when your current deal ends.
More reasons to stay with us
- We already know you, so there’s no paperwork to fill in.
- Track your estimated property value and equity online or through the app.
- If you need, you could borrow more on your mortgage (subject to application).
- Qualifying customers can claim up to £2,000 cashback for energy-efficient home improvements.
- More about the Green Living Reward
How can I switch my deal?
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Your 14-digit mortgage account number is at the top of your mortgage statement or any other letter we’ve sent you about your mortgage.
Good to know
If you’re registered with online banking, log in to find your mortgage account number. In the mobile app, search for ‘Show me my mortgage details’.
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We’ll be in touch before your current deal ends to let you know your options.
If you want to switch to a new deal, you can secure a new rate up to 4 months before your current one ends. You can start your new rate straightaway or wait until your current deal ends. If you choose to start your new deal straightaway and there's more than 3 months left on your current deal, you might have to pay early repayment charges.
To make sure we have enough time to update your interest rate and monthly payment, complete the switch by the 20th of the month before your new deal is due to start. You can switch after this date, but your new rate and monthly payment might be applied the month after.
If you decide not to switch, we’ll automatically move you onto one of our variable interest rates when your current deal ends. Staying on this variable rate might cost you more each month. And your interest rate and monthly payment could also go up or down from month to month.
So, it’s a good idea to check if switching to a new rate is better for you – as if rates go up, you could end up paying more for your mortgage each month than you budgeted for.
To help you understand your options, we’ve compared the different types of rates.
If you have any questions, you can call us.
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If you're on a fixed or tracker rate:
You can arrange a new deal up to 4 months before your current one ends. Once you’ve arranged your deal and secured your interest rate, you either can choose to:
- wait until your current deal ends
- move to the new rate now.
If you move to your new rate and there are more than 3 months left on your current deal, you might have to pay early repayment charges (ERCs). Depending on your current monthly payments and the new deals available, you might save money by switching even if you need to pay early repayment charges.
You can check your ERC amount in your original offer letter, latest mortgage statement or If you have any questions, you can call us.
If you’re on a lender variable rate:
You can arrange to switch to a new deal at any time without paying any early repayment charges.
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If you apply online, you'll be able to view your documents online and accept your new deal electronically. You'll also get paper copies in the post for your records.
If you apply over the phone, you'll receive your documents in the post and by email, if you’ve provided an email address.
If you have any interest-only borrowing and are looking for a new deal, you must have a repayment plan in place and apply over the phone or by video. We might ask you to provide suitable documentary evidence.You'll need to agree to proceed with your application before we can make you a formal offer.
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You have 2 options to apply online.
- Log in with your mortgage account number, date of birth and property postcode.
- Using moblie app or online banking – go to HelloHome to manage your mortgage and switch to a new deal.
If you're not registered for online banking yet, it takes about 5 minutes. Find out how to register.
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If you change your mind after you’ve submitted your application, you can cancel it online.
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When you agree to proceed with the application, you’ll be presented with documents to read and asked to confirm you’ve read them. You’ll then be presented with the formal offer, which you need to accept. After accepting your offer, you don’t need to do anything else unless you change your mind. We'll send you a letter telling you when your new deal will start and when we'll start taking your new monthly payments.
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You can switch your deal online without talking to your broker or help from a mortgage adviser. Of course, if you want to speak to somebody beforehand or during the process, you can.
Are there any fees or charges?
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There are no legal or valuation fees for switching your deal.
The only fee you’ll have to pay is a product fee, if you choose a new deal with one included. You can usually pay this up front or add it to your mortgage. If you add it to your mortgage, we’ll charge interest on it at the same rate as the rest of your borrowing. You can check our current deals for more information.
If your new deal doesn’t have a product fee, you won’t have to pay any fees.
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If you switch in the last 3 months of your deal, we won’t charge any ERCs if you switch. But, if you make overpayments of more than 10% allowance during this time, ERCs will still apply. Normally, you can overpay up to 10% of your mortgage balance each year without any ERCs, if you’re on a fixed term deal.
You can view details about your overpayment allowance in HelloHome.
There’s no limit to how much you can overpay if you’re on a variable rate mortgage. -
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. We no longer offer the Halifax Standard Variable Rate, so if you decide to switch deals, you'll never be able to go back to the Halifax Standard Variable Rate.
More about mortgage deals
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If you don’t switch your deal, you’ll be automatically moved to the Halifax Homeowner Variable Rate.
This rate could cost you more each month. And your interest rate and monthly payment could also go up or down from month to month.
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As a responsible lender we’ll make decisions based on understanding your individual circumstances. We’ll create personalised mortgage offers based on a number of things, including your credit score and how you use your accounts.
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Visit our switch and borrow more page if you're looking for additional borrowing. If you need to change the term or repayment type, contact us to speak to a mortgage adviser.
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We’ll show you all the deals you’re able to switch to. Usually there are a mix of shorter-term and longer-term deals.
If you want to talk to a mortgage adviser about your options, you can talk to us over phone or by video.
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When moving home, you'll need to apply for a new mortgage. You might be able to keep your existing Halifax mortgage deal. This is known as porting.
More about moving an existing Halifax mortgage.
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