Halifax offering existing customers £500,000+ mortgage product transfers

by Aaron Strutt

Oct 09 2015

Halifax for Intermediaries is offering existing customers a choice of large mortgage loan product transfer remortgage rates.  

The bank has specific mortgages for customers with mortgages between £500,000 and £7,500,000.

The lowest two-year rate without an arrangement fee is fixed at 1.64% until 31 January 2018.

At the end of the fixed rate period, the mortgage reverts to the lender’s standard rate, which is currently 3.99%. The overall cost for comparison is 3.6% APR.

Aaron Strutt, product manager at Trinity Financial, says: “Product transfers were designed to be a quick and easy way for Halifax’s customers to switch to another rate. It is possible to swap rates three months before your fixed or tracker rate expires.  

“If you are planning to remortgage, it is important to make sure you are getting the best deal. We have access to fantastically low rates from a host of lenders and they may be more competitively priced than Halifax’s mortgages.”

Borrowers will need 40% equity in their home to qualify for Halifax's rate. However, there are many other mortgages for customers will less equity in their property.

There are no legal costs or valuation fees for a standard rate product transfer.

For help to secure a £500,000+ product transfer rate, call Trinity on 020 7016 0790