It was inevitable that it was going to happen, it was just a question of when. We believe that rates will be increased this Friday for Product Transfers Product Transfer rates are the deals that existing Halifax mortgage customers have access to which are available without any further underwriting. Since Halifax announced that their standard variable rate (SVR) was increasing on 1st April 2012 from 3.5% to 3.99% the lender has been inundated with Product Transfer submissions to secure these relatively attractive rates ahead of the SVR increase. We are expecting the Product Transfer deals to increase between 0.3% and 0.5% and this will be across the range from fixed rates to tracker rates. Other lender news this week Woolwich have withdrawn their product range for re-pricing due to huge demand.
Published on 23 July 2020
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The Mortgage Broker
The Mortgage Broker is an award-winning UK mortgage and protection specialist with decades of experience helping thousands of customers secure suitable and affordable mortgage solutions. Regulated by the Financial Conduct Authority, all advisers are minimum CeMAP-qualified and known for delivering clear, transparent, and expert guidance whether helping first-time buyers, home movers, remortgage clients or those with complex or adverse-credit needs. Recognised as a finalist at the Mortgage Strategy Awards 2025, The Mortgage Broker combines digital speed with human trust, offering access to over 130 lenders and more than 25,000 products. The company’s app, secure client portal and easy-to-use tools make it simple for customers to compare rates, track progress, and stay informed from start to finish.
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