Halifax mortgage renewal rates under 60% loan-to-value
Halifax mortgage rates for existing customers as of May 8, 2025
Please note: Halifax does not have a uniform set of rates for product transfers. As of 2022, each individual customer is now offered their own set of rates to choose from.
The rates shown are the lowest we have seen offered currently. Call us on 0208 979 9684 or click here to obtain your personalised list of Halifax product transfer rates
Book a new rate now – savings of up to 0.18% – call 020 8979 9684
Halifax mortgage renewal rates under 75% loan-to-value
Halifax mortgage rates for existing customers as of May 8, 2025
Please note: Halifax does not have a uniform set of rates for product transfers. As of 2022, each individual customer is now offered their own set of rates to choose from.
The rates shown are the lowest we have seen offered currently. Call us on 0208 979 9684 or click here to obtain your personalised list of Halifax product transfer rates
Halifax mortgage renewal rates under 80% loan-to-value
Halifax mortgage rates for existing customers as of May 8, 2025
Please note: Halifax does not have a uniform set of rates for product transfers. As of 2022, each individual customer is now offered their own set of rates to choose from.
The rates shown are the lowest we have seen offered currently. Call us on 0208 979 9684 or click here to obtain your personalised list of Halifax product transfer rates
Halifax standard variable rate is now 8.49% – take action to avoid it
Halifax mortgage renewal rates under 85% loan-to-value
Halifax mortgage rates for existing customers as of May 8, 2025
Please note: Halifax does not have a uniform set of rates for product transfers. As of 2022, each individual customer is now offered their own set of rates to choose from.
The rates shown are the lowest we have seen offered currently. Call us on 0208 979 9684 or click here to obtain your personalised list of Halifax product transfer rates
Halifax mortgage renewal rates under 90% loan-to-value
Halifax mortgage rates for existing customers as of May 8, 2025
Please note: Halifax does not have a uniform set of rates for product transfers. As of 2022, each individual customer is now offered their own set of rates to choose from.
The rates shown are the lowest we have seen offered currently. Call us on 0208 979 9684 or click here to obtain your personalised list of Halifax product transfer rates
Halifax House Price Index
Halifax house price index and your mortgage options as an existing Halifax borrower.
One of the key parameters that affect your mortgage rate options is the loan to value on your account. This is the ratio of the mortgage balance to the estimated value of the property. The estimated value of your property on the Halifax system is driven by the Halifax House Price Index.
If the Halifax House Price Index falls, your valuation may fall and your loan to value increase. This may push your mortgage account into a new, more expensive set of product options.
The next Halifax House Price Index report is due early in January 2024 and values are likely to be reduced due to current market conditions.
What does this mean for you as a Halifax existing borrower?
The smart approach will be to secure a new Halifax product transfer rate now before any valuation changes. You can secure a new rate up to six months before your current rate is due to end.
Securing a rate now will protect you from adverse valuation changes, or future rate rises.
If Halifax product transfer rates fall between now and when your new rate is due to start, you have the option to pick up the lower rate.
Halifax Product Transfer Rates – Early Repayment Charges
| Product & Term | Period | Charges | End Date |
| 2 Year Fixed | 1 | 2% until 31/07/26 | 31/07/27 |
| 2 | 1% until 31/07/27 | ||
| 5 Year Fixed | 1 | 5% until 31/07/26 | 31/07/30 |
| 2 | 4% until 31/07/27 | ||
| 3 | 3% until 31/07/28 | ||
| 4 | 2% until 31/07/29 | ||
| 5 | 1% until 31/07/30 | ||
| 2 Year Tracker | 1 | 1% until 31/07/26 | 31/07/27 |
| 2 | 0.5% until 31/07/27 |
Overpayment allowances
As a concession, Halifax allows overpayments each calendar year of up to 10% of your outstanding balance without early repayment charges.
If you intend to make regular or lump sum overpayments, first check with the lender that you will be within your overpayment limits.
When can I select a new Halifax Product Transfer Rate?
Halifax existing customers can now select and secure a new Halifax Product Transfer rate up to fours months before their current mortgage product ends.
Example: The existing rate ends on 31st December, and a new rate can be selected from 1st September
| Your current rate ends | The new rate can be reserved from | The new rate can start from |
| 29th February | 1st November | 1st December |
| 31st March | 1st December | 1st January |
| 30th April | 1st January | 1st February |
| 31st May | 1st February | 1st March |
| 30th June | 1st March | 1st April |
| 31st July | 1st April | 1st May |
| 31st August | 1st May | 1st June |
| 30th September | 1st June | 1st July |
| 31st October | 1st July | 1st August |
| 30th November | 1st August | 1st September |
| 31st December | 1st September | 1st October |
| 31st January | 1st October | 1st November |
Our Halifax Mortgage Product Transfer Process
- Call our Team, or complete our enquiry form
- Once we have your permission we will email you full details of your current mortgage and your new mortgage options.
- This information will be outlined clearly on a single page.
- You can then consider your options, and we will be available by telephone, text, or email to answer any questions you may have and guide you as necessary.
- Once you have advised us of your preferred option, we will generate a formal Halifax product transfer mortgage offer and email it to you for approval.
Points to note
Our Halifax mortgage product transfer service is free of charge
A mortgage product transfer with Halifax does not require:
Credit searches
Proof of income
Property valuation or visit
Legal work
This means a drop in your income since you first took your mortgage will not prevent you from securing a new rate with Halifax.
You can secure a new rate with Halifax up to six months before your current mortgage rate ends.
If Halifax offered rates improve before your current mortgage rate ends, we can swap you on to the new, lower rate.
If rates increase before your current mortgage rate ends, your secured rate is unaffected.
If requested, we can compare your Halifax rates against options from the whole of the UK market.
A mortgage secured against your home is a regulated product and we will therefore need to gather a little background information in order to progress your rate switch. We gather this information securely online and it will take no longer than 5 minutes for you to provide the required information to us.
Seeing the Bank of England base rate rises?
Worried about your mortgage interest rate rising?
Please note:
If you are on a fixed rate you are currently safe from BOE base rate rises. Currently, arranged fixed-rate mortgages do not rise with the Bank of England base rate, however, rising BOE rates do put pressure on future fixed rates to rise. Tracker rates will rise immediately with the Bank of England base rate
If your mortgage rate is ending within the next six months you should contact us to secure a new rate as soon as possible before your future options become more expensive
Halifax mortgage customers
- Existing Halifax borrower?
- Looking a Halifax mortgage renewal to a new mortgage product?
- Access rates lower than those on your App
- Looking for a Halifax 2-year fixed rate? – we can access 2-year rates for you
- Looking for the lowest Halifax renewal rates available for a +£250,000 mortgage?
- Check with our Team that you are being offered the best Halifax mortgage rate for your needs
- We answer our phone in seconds on 020 8979 9684
- Prefer to work online? Click here
Halifax Mortgages Product Transfer Window reducing
The window to secure a new rate with Halifax to start when your current rate ends is reducing from six to four months.
Halifax borrowers with a mortgage rate ending 31st January 2025 can currently still apply NOW to secure a new rate to run from 1st February 2025.
Halifax borrowers with a mortgage rate ending 28th February 2025 cannot apply until November 2024 to secure a new rate to run from 1st March 2025.
| Your current product expires on | You can secure a new rate from | The new rate can start between | and |
| 30th April | 1st January | 1st February | 1st May |
| 31st May | 1st February | 1st March | 1st June |
| 30th June | 1st March | 1st April | 1st July |
| 31st July | 1st April | 1st May | 1st August |
| 31st August | 1st May | 1st June | 1st September |
| 30th September | 1st June | 1st July | 1st October |
| 31st October | 1st July | 1st August | 1st November |
| 30th November | 1st August | 1st September | 1st December |
| 31st December | 1st September | 1st October | 1st January |
| 31st January | 1st October | 1st November | 1st February |
| 28th February | 1st November | 1st December | 1st March |
| 31st March | 1st December | 1st January | 1st April |
Example: Your existing rate ends on 31st August, you can select a new rate from 1st May, to start when your current rate ends on 1st September.
If it suits you, your new Halifax product transfer rate can also start up to 3 months earlier on 1st June, 1st July, or 1st August, without incurring an early repayment charge on your current mortgage product. If in doubt, talk to our team.
7 Great Things about Halifax Product Transfers through A Mortgage Now
We can get you a lower remortgage rate
We can access lower Halifax Mortgage rates for larger mortgages that you cannot get directly from the Lender.
We can access ALL available Halifax rates for you
We establish your mortgage balance and current property value and let you know all the rates available to you (including two-year fixed rates which are not offered to you when you deal directly with Halifax).
You can reserve your new deal with us – now
You can reserve a new Halifax mortgage product up to four months (changed from six months August 2024) before your current deal ends. If your new Halifax rate is lower, we can even transfer your product early, saving you money.
You can switch quickly
We can get your new mortgage remortgage product offer secured within hours in most cases.
There’s no credit check
A Halifax product transfer is available regardless of your recent credit history.
Changes in your circumstances are not a problem
We can arrange a Halifax product transfer even if your income has dropped or one borrower has stopped working.
There’s no need for a house valuation
We obtain a valuation of your property from Halifax, the same day, at no cost.
We can arrange a re-mortgage if more appropriate
If the rates offered to you by Halifax do not suit you, we can place you with a more competitive lender.
Interest Only?
If any part of your Halifax mortgage is on an interest only basis. We can still arrange your new Halifax mortgage rate for you. The process is a little more complex, but you will not notice as we manage those complications for you. All without any Broker Fees from us.
Halifax Product Transfers – Fee or no fee rate?
Halifax offers product transfer rates with and without product fees. On fee-charged mortgages the product fee is typically £999. The product fee may be paid upfront or added to your borrowing.
Why pay a product fee to Halifax?
The mortgage interest rates on fee-charged products can be considerably lower than the interest rates on products with no product fee. Therefore, for certain borrowers, your saving on interest when using a fee-paid product can easily outstrip the cost of the fee.
Simplified example: Borrowing is £200,000 fee is £999, the difference in interest rate between the fee and no fee rate is 0.2%. Over the term of a five-year product, you could be saving 0.2% per year in interest, over five years that totals 1% interest saved.
1% of £200,000 is £2,000, making the saving twice the cost of the £999 fee.
Why you should deal with a Broker?
There are a number of factors that can affect whether a fee-charged product is better for you. Factors such as:
- Your borrowing level
- Your mortgage term
- Overpayments
Therefore, making a decision on whether to use a fee-charged product can be complex and is best left to an experienced and regulated mortgage broker. This is not a call that Halifax want you to make without the proper advice, so they offer lower-interest products only via approved and regulated mortgage brokers such as A Mortgage Now.
Additional borrowing required?
We can help you arrange additional borrowing from Halifax at competitive rates for a number of reasons including:
- Home Improvements
- Extension
- Purchase adjacent land
- Extending your lease
- Gifts to relatives
- Purchase additional shares (affordable housing schemes)
- Buying out co-owner (e.g. ex Partner)
- Debt consolidation
- Buying further property (buy to let)
We handle the entire application process for you, and in most cases, the cash will be in your Bank account within 14 days.
Please note that satisfactory proof of income, and credit scoring will be required in order to increase your borrowing.
Moving home?
Are you intending to move home?
Are you aware that you may have the option to ‘port’ your current mortgage property when you move in order to avoid paying an early redemption penalty?
Halifax will allow you to take your current mortgage product with you and apply it to your new mortgage with any additional borrowing set up alongside a new rate.
Call us now for help with moving home.
Halifax mortgages with balances under £100,000?
Halifax does offer a set of new rates for mortgage borrowers with balances under £100,000. However, we do not usually assist in these cases.
Eligibility
In order to be eligible for Halifax Product Transfer switch:
- You must be an existing Halifax residential mortgage client
- Your mortgage account must be up-to-date with no history of arrears
- You must be currently on a product with a product end date in the next 90 days
Halifax ‘A’ Numbers Product Transfers
Have you a Halifax mortgage account number starting with an A?
Example
A/36575884-3
Have you been told you need to go in Branch to make a Product Transfer?
This is no longer the case and our team can assist you online.
Eligibility
- You must be an existing Halifax residential mortgage client
- Your mortgage account must be up-to-date with no history of arrears
- You must be currently on a product with a product end date in the next 90 days
Halifax Mortgage product transfer rates – lending bands
Halifax product transfer rates are priced across lending bands and loan to values.
Lending Bands
- £0 to £99,999
- £99,000 to £249,999
- £250,000 to £7,500,000
Loan to value Bands
- Up to 60%
- Up to 75%
- Up to 85%
- Up to 95%*
- Up to £120%*
* these products are designed to assist Halifax mortgage clients who are close to, or drifting into negative equity. 120% loan to value is not available for new borrowers.
Halifax is part of the Lloyds Banking Group and has the biggest market share on mortgages in the UK.
Halifax mortgage pricing is sometimes the most competitive in the market, but they do not seek to win business purely on price. Flexibility of their underwriting criteria is a key reason why many people use Halifax for their mortgage.
Below we outline some of the key points to note when considering Halifax as your mortgage provider.
Halifax underwriting – key benefits
Age
The maximum age at the end of the mortgage term with Halifax is 80 years. Where an applicant expects to take a mortgage beyond their retirement age, or age 70 (whichever is earlier), the lender will need to be confident that the applicant can support the mortgage on their proven retirement income.
The minimum age to obtain a mortgage with Halifax is 18 upon application.
Concessionary purchase
A concessionary purchase can be considered by Halifax, but only when the original owner moves out immediately on completion. The vendor can be a close family member or a landlord.
Forces Help to Buy scheme
Funds from a Forces Help to Buy scheme can be used in conjunction with a Help to Buy scheme purchase.
Gifted deposit from family
Gifted deposit is acceptable to Halifax from blood relatives or family by marriage or civil partnership, or between common-law partners or cohabitees.
They will not consider gifted deposits from friends, employers, landlords, or cousins.
Halifax and ‘mortgage prisoners’
Halifax will consider applicants classed as ‘mortgage prisoners’ for remortgage applications.
This applies to borrowers who found themselves with a mortgage lender that is no longer active and able to offer new rates.
Provided the applicant party’s credit score, Halifax can still accept the application even if affordability does not fit provided:
- it is a remortgage of the main residence with no additional borrowing
- maximum borrowing is 75% of the property value
- the new monthly payment must be no more than 5% higher than the current payment
- the mortgage cannot be on a shared equity or shared ownership scheme
- the potential borrowers must not be in financial difficulty*
*financial difficulty means failing current commitments of expenditure but not managing day-to-day control, overspending, overcommitted financially or over-indebted.
IT Contractors
Income from IT Contractors can be considered by Halifax where there is a 12-month history and six months of the contract remaining, or a two-year history as a contractor.
Multiple applicants
Halifax will accept up to 4 applicants considering a maximum of two incomes.
Professional sports people
Halifax will consider lending to professional sports people who have at least 12 months of employment with more than six months of their contract remaining. Where applicants are nearing the end of their likely careers the lender will want to satisfy themselves that monthly payments can be met should the career be ended abruptly due to injury.
Rental Income
Rental income can be used to offset the cost of buy-to-let mortgage payments but will not be added in to support affordability.
Remortgaging and raising capital
Halifax will consider remortgaging and raising of capital up to 85% loan to value.
Affordability and self-employment
Halifax currently offers slightly less unaffordability where one applicant is self-employed.
Applicants who own less than 25% of the business will not be considered self-employed for lending purposes and will be underwritten as employed.
Second Incomes
Halifax can accept income from a second job or self-employment provided they can satisfy themselves the client can sustain both forms of income.
Zero Hour contracts
Halifax will consider applicants with zero-hour contracts once they have a 12-month history.
Halifax underwriting – points to watch out for
Bankruptcy
Halifax will not consider applicants with a history of bankruptcy registered within the past six years.
EWS Forms
Halifax will require an external wall system form (EWS 1) where any building has a potentially combustible planning system. Full will need to confirm that there are no significant quantities of combustible materials or defects requiring remedial work. The valuer will advise where an EWS 1 form is required.
Buildings up to 6 stories or 18 m in height technically do not need at EWS 1 form but it may still be requested.
Ex-Pats
Halifax does not accept applications from expats.
First Time Buyers
To be eligible for a first-time buyer product with Halifax at least one applicant needs to have not previously had a mortgage or purchased a property either in the UK or abroad.
Interest only
Interest-only mortgages can be obtained with Halifax, but there are some strict criteria for eligibility.
In particular joint applicants must have a total income of £150,000 of a single applicant a total income of £100,000.
(Existing Halifax interest-only mortgage account holders are not subject to these criteria to continue on interest-only)
Where the sale of a mortgaged property is to be used as a method to repay the capital on the mortgage must be a minimum equity of £300,000. Lending up to 50% loan to value can be considered interest only with the remaining element up to 75% loan to value taken on a capital repayment basis.
Lending into retirement is not possible on an interest-only arrangement.
Halifax lending limits
Halifax will lend up to £500,000 with a 5% deposit, and up to £750,000 with a 10% deposit.
Borrowing over £1 million will require a minimum 20% deposit and a 30% deposit for borrowing over £2 million.
Maximum lending on remortgage of unencumbered policies will be 85% loan to value.
Lodgers
Up to 2 lodgers in the property are accepted provided they are sharing living accommodation. Income from lodgers is not included in affordability calculations.
Non-standard construction
Properties of non-standard construction can be considered and will be assessed on their own merits by the valuer. For example, precast concrete buildings may need to have undergone repair to be considered acceptable.
Lending on second homes
Halifax will consider lending on second homes up to 75% loan to value. Occasional letting of the second home can be considered but if more than four months per year it will be considered the buy-to-let and treated accordingly.
Halifax and self-build lending
Halifax will consider self-build lending but will need to schedule and cost of works, full planning consent, and appropriate insurance for construction.
Halifax customers cannot put their existing mortgage product into a self-build.
Maximum loan to value for self-build is 75% and loan size is up to £1 million.
Halifax will release the funds in a maximum of five instalments, normally at the following stages:
- purchase of the land
- completing the foundations
- construction of walls-to-wall plate level
- roof complete
- build complete
Halifax and leases
The minimum remaining lease term for a Halifax application is 70 years.
Minimum valuation
The minimum property valuation for Halifax applicants is £40,000
Mortgage Product Transfer with another Lender? – click below
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