Hi,
Looking for some advice.
My wife and I are currently trying to move house but are finding it very difficult to sell our home. We've started thinking about letting out our current home in order to move. At the moment we're on the Halifax standard variable rate. I'd guess our LTV will be between 100% and 120%, as we bought the place in 2007, before the slump in prices. From reading other posts on this forum it seems that Halifax will put us on a 3 year fixed rate at 6.19% and add £1500 to our mortgage? Is this correct?
I've noticed on the Halifax website that we can switch to a 4 year fixed rate at 4.49%. Would we be better switching to this deal, then getting the consent to lease? Will Halifax allow us to stay on the 4 year deal at the lower rate when they give us consent to lease?
Thanks in advance
Looking for some advice.
My wife and I are currently trying to move house but are finding it very difficult to sell our home. We've started thinking about letting out our current home in order to move. At the moment we're on the Halifax standard variable rate. I'd guess our LTV will be between 100% and 120%, as we bought the place in 2007, before the slump in prices. From reading other posts on this forum it seems that Halifax will put us on a 3 year fixed rate at 6.19% and add £1500 to our mortgage? Is this correct?
I've noticed on the Halifax website that we can switch to a 4 year fixed rate at 4.49%. Would we be better switching to this deal, then getting the consent to lease? Will Halifax allow us to stay on the 4 year deal at the lower rate when they give us consent to lease?
Thanks in advance