yellow pages is fine, but you may be better trying unbiased.co.uk to find a local broker.  That being said, a number of us do deal with quite a few of our clients just by phone/post/email.

Brian

Many thanks Ian!

In the present climate trackers are very popular with clients that have a less than cautious attitude to risk. Trackers are presently available around fixed rate prices, fixed have dropped recently which is an indication of bank base rate drops. You will benefit if this happens but you will also pay more if the rate does rise. You would be looking at a 2 year period I presume and it is with this in mind that clients are preferring trackers. When you see an adviser ask for comparisons for the best tracker and the best fixed then decide.

Regards

Ian 

Hi,

Yellow pages are great but I just typed in mortgage brokers in Guilford, loads came up. Just ring for a fees free one :-)

Regards Ian

Good luck 

Also with the way the current market is heading....whats your views of using Tracker?

I;ve not really looked into a Tracker.....can someone shed some light on this?

 Thanks,

 Wil

Thanks for all the advice given! :)

I now need to find myself a broker!  Anyone recommend one around the Guildford area?

Hi,

Lenders can only offer rates that are available at that time they won't negotiate...they don't need to. There are better rates of course but without a full fact find it is impossible to advise personally. If you know some one locally that would be the best option, whites of the eyes and all that!! I do believe that if Halifax were honouring their offer they would have retained the original rate, however if your house is not completed on time this could be the problem. Have you paid for a valuation through the Halifax or was it a free one? A lot will depend on loan to value and many more things. Take a look through the yellow pages and make some appointments and get some quotes. There are more favourable rates but as I say a lot will depend on the information.

Regards

Ian 

Halifax has now come back to me stating they will honor this as i was not informed as to whats happening. 

I will still have to go onto the new rate of 6.39 but will rebate me the difference as a cash lump sum.  Cant argue with that really.

Only problem is that this is still only valid until 31st Oct 07 as with the original product.

Having spoken to the developers, it will be due for completion around end of this month but stating more than likely running into early Nov.

Bearing this in mind i am now preparing myself for actually taking out a new higher rate!  Having working out some sums it may well be cheaper overall if I now switch using a broker, even taking into account of the non refundable valuation fee paid to Halifax.

 Does any know if Halifax or banks will match offers to keep the business?

wilmanlee:

Nick,

Were you offered a mortage with all paper work complete and then being refused? or a straight decline offer

Wil

well they offered me the money, but put retention on.. because things needed doing to the house.... said they will give me six months... i signed and sent back the forms.... and got a letter back saying they cant proceed

:(

Hi

Most mortgage offers tend to be valid for 6 months. If halifax were going to change there criteria and pull the product they should have really contacted you before now. I would recontact them and ask why you haven't been contacted earlier and explain your situation and state that you expect them to honour the mortgage offer they gave you as it is still in date.

nick did you also have an offer or were you just declined?

Good Luck

Nick,

Were you offered a mortage with all paper work complete and then being refused? or a straight decline offer

Wil

Hi Wil,

Legally speaking a Lender can withdraw their offer at any time, as many have done over the past few months in the sub prime market. However this is not expected from our High Street lenders and I am sure that your offer will be honoured until the expiration date. You may have spoken to some "oik" in the Halifax as I often do, and I'm sure that a slight hint of retribution in your voice will make them honour the offer to the date as stated. If you have not received official notification of the withdrawal I would suggest that you complete as soon as possible.

Regards

Ian

Thanks for the reply.

 Anyone have advice on the legal side of this? so i can prepare myself for when they call back.....i have a feeling they;re not gonna offer me the product as the advisor stated its no longer available on the system,......

I may need to raise this to Halifax customer service!

I would have thought that legally they should honour the original offer.  However, I dread to think of the service you will get if you end up having to use the legal system to force them.

 My guess is they will honour the offer when they call back, but if not I would strongly recomend complain bitterly, but get out and find something else - the MS search engine will help.