Geo Posted February 23, 2011 Share Posted February 23, 2011 Looks like im affected with one of my Flats, just need to see what happens when the Letter's are issued in April. http://www.moneysavingexpert.com/news/mortgages/2011/02/halifax-to-repay-500-million-to-300000-mortgage-holders Quote Link to comment Share on other sites More sharing options...
Gaz6002 Posted February 23, 2011 Share Posted February 23, 2011 Bugger. I got there too late Quote Link to comment Share on other sites More sharing options...
Matt H Posted February 23, 2011 Share Posted February 23, 2011 Bugger. I got there too late Me too! Quote Link to comment Share on other sites More sharing options...
JustGav Posted February 23, 2011 Share Posted February 23, 2011 "The Government-backed bank".... so where do you think the money comes from......... it is better way to get rid of the cash rather than pay it back to the tax payer anyway. Quote Link to comment Share on other sites More sharing options...
snake Posted February 23, 2011 Share Posted February 23, 2011 They will just find another way to get the money back Quote Link to comment Share on other sites More sharing options...
Havard Posted February 23, 2011 Share Posted February 23, 2011 I bet most people didn't even notice..!! H. Quote Link to comment Share on other sites More sharing options...
L18msy Posted February 23, 2011 Share Posted February 23, 2011 Might be getting a letter in april then! Quote Link to comment Share on other sites More sharing options...
Morpheus Posted February 23, 2011 Share Posted February 23, 2011 This is like a few years ago when I was with them and they began a new 'daily interest' mortgage and didn't tell us. I heard about it on the radio at work and asked Halifax, remortgaged and the change in calculation knocked £10,000 off the total payable. Halifax are tighter than a fish's @hole! If you want a good mortgage, check out http://www.oneaccount.com/onev3/index.shtml It's basically an overdraft and your payments come straight off the balance, immediately reducing the interest to pay at month end. I'm paying in about £2200 wages and about £1200 of that comes off the mortgage each month. I'm paying 3.5% variable which will soon go up the way the B.O.E. is talking but the website is great and you can plan, track and organise all items how you like, for example, to see how much petrol you use every month or year. It also projects your month end balance based on your info. There's also a graph to show you how you're doing, compared to your agreed payment plan. Brilliant. There's also no obligation to pay anything into it every month or atall until it becomes fully payable. Nice to know if you're between jobs or want to take a payment holiday. Another little factette, if you have a standard variable mortgage and pay 12 times a year, paying 13 times on a 25 year mortgage will reduce it by approx. 5 years to 20 years and save many thousands. Depends on interest rate of course. Quote Link to comment Share on other sites More sharing options...
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