Halifax Rate Switch Advice

Compare Halifax’s Bespoke Rates for your Mortgage with the rest of the market
FREE rate monitoring to check for better rates until completion
FREE Mortgage Advice on your Product Transfer
£20 Voucher to donate to the charity of your choice on completion of the application (Please click here to see full terms and conditions)

The Financial Conduct Authority does not regulate some forms of Buy to Lets. Your property may be repossessed if you do not keep up repayments on your mortgage.

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Our Latest Reviews

Rob secured me a 10-year fixed rate Mortgage just as rates were starting to rise at the start of 2022. We are currently paying a very low interest rate because of his expertise.

Rob helped us move house during the height of Covid and made a tricky time as smooth and easy as possible for us. He found us a great rate and was always on hand.

We’ll carry out a full market cost comparison to make sure you’re getting the best deal

Get access to exclusive rates that you won’t find when going direct to the lender

We donate £20 to charity for every completed product transfer

Mortgage rates for existing customers

A product transfer, also referred to as ‘mortgage rates for existing customers’, is typically the quickest and easiest way to secure a new mortgage deal. However, a product transfer doesn’t always offer the most competitive rates. In some cases, existing customers do not have access to the same competitive deals that new customers get access to. This is known as the ‘loyalty tax’ on existing customers which can penalise rather than reward their loyalty.

To ensure you’re getting the most suitable and cost-effective mortgage deal we’ll carry out a full market cost comparison to compare rates offered by your current lender with those available elsewhere on the market.

Whether you’re an existing client of Farnham Finance, or a new client, we’ll complete your product transfer free of charge.

The Financial Conduct Authority does not regulate some forms of Buy to Lets. Your property may be repossessed if you do not keep up repayments on your mortgage.

Product transfer mortgage FAQs

What is a product transfer?

A product transfer is when you stay with the same lender, but move to a different mortgage product. This usually happens when your existing mortgage deal is about to end. Staying with the same lender can sometimes be quicker, easier and cheaper than switching to a different lender.

Do you need a Mortgage Broker for a Rate Switch with Halifax?

I would always recommend speaking with Farnham Finance before applying for any Mortgage. Halifax will offer exactly the same rates through a Mortgage Broker as they will directly. By coming through a Broker, I will monitor rates until completion of the Product Transfer, if more competitive rates become available then I will notify you and discuss the new rates with you. We can then select the most competitive product with you from there. Before submitting the Product Transfer, I will also give you a full cost comparison against the rest of the market to make sure that we are selecting the best product for your needs and circumstances. I will also monitor the renewal date for you, so we can look at the right options well ahead of the end of the next rate.

If we select a Product Transfer, there is no fee from my side and I provide a full advised service and ongoing care for free.

Which accounts are eligible for a Halifax Rate Switch?

Most accounts should be eligible for a Halifax Rate Switch. There are some circumstances where we may need to discuss directly with the lender. These are:

Other lenders may be able to help in any of those circumstances. I will conduct detailed research on the rest of the market to make sure that we are advising the right product for your Mortgage.

When can you apply for a Halifax Rate Switch?

You will need to be within 4 months of the current Rate ending on your account to apply for a BM Solutions Product Transfer.

I would always suggest reviewing options as early as possible. I can secure rates from the rest of the market up to 6 months before the end of the current Fixed Rate. With that, we generally prevent rates getting any higher and can adjust the application to secure a more favourable rate if required.

What is my Process for an application for a Halifax Rate Switch?

The first step with any Halifax Rate Switch is checking the Bespoke Rates available with Halifax. To do that, I will need to login to your account with Halifax and check the rates available. At that point Halifax will also give me a range of useful information to compare their products against the rest of the market. Things like their valuation of the property, term remaining and exact balance on the Mortgage.

To make sure that I am keeping your data safe, I do need to ask you to provide me with Proof of ID and Proof of Address, so that I can run a quick ID check and make sure that I am not giving out confidential information to the wrong person. Quick photos of your Passport and Driving Licence would be ideal there and you can WhatsApp those to me on 07886 215828.

I will then assess Halifax’s best available rates for your Mortgage against the rest of the market and provide tailored advice for your circumstances.

Your home/property may be repossessed if you do not keep up repayments on your mortgage.

MEET YOUR ADVISER

Meet Robert Lewis-Crosby

Robert is an experienced mortgage adviser specialising in landlord and portfolio mortgages. He has a customer- centric philosophy towards understanding customer needs and delivering value – this is reflected in everything he does from his communication style to his low advice fees. Speak to Robert today about your mortgage requirements.

Get product transfer advice for FREE

The Financial Conduct Authority does not regulate some forms of Buy to Lets. Your property may be repossessed if you do not keep up repayments on your mortgage.