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If your Halifax mortgage deal is ending soon, you’ve got two choices: sit back and let it roll onto Halifax’s standard variable rate (and pay more every month)… or be proactive, switch early, and lock in a better deal.
That second option is where a Halifax product transfer comes in — a smooth, paperwork-light way to switch to a new Halifax rate without starting from scratch.
At Strive, we do these all the time. It’s one of the easiest ways to save money, avoid unnecessary stress, and make sure your mortgage keeps working for you — not the other way around.
Let’s break down how it works, when to do it, and how to make sure you’re not missing out on a better deal elsewhere.
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What Is a Halifax Product Transfer?
A Halifax product transfer (sometimes called a product switch) is when you stay with Halifax but move onto a new rate at the end of your current mortgage deal.
It’s fast, it’s simple, and it doesn’t require a full application, valuation, or solicitor. You’re effectively saying: “I’ll stay with Halifax, but let’s refresh my rate.”
There’s no need for new affordability checks if nothing about your loan is changing — same balance, same term, same repayment type.
And because it’s all handled in-house, it’s one of the quickest ways to secure your next deal.
The Process: How to Switch Smoothly
You can start your Halifax product transfer up to four months before your current deal ends.
Here’s how it usually goes:
- Check your current deal – Look at when your fixed rate ends and if any early repayment charges still apply.
- Review your options – Halifax will offer you some new rates, but don’t stop there. A broker like us can compare these against the whole market to make sure you’re not overpaying.
- Reserve your new deal – Once you’ve chosen, your new rate will automatically begin when your old one expires.
- Relax – No valuation, no legal work, and no hard credit check (unless you make changes).
It’s quick. It’s low-stress. And with the right broker, it’s done in days, not weeks.
When Should You Start Reviewing Your Options?
Ideally, you should start reviewing your mortgage around six months before your current deal ends.
Why six months? Because if you decide to switch to another lender instead of staying with Halifax, most mortgage offers are valid for that long.
That gives you flexibility — you can line everything up in advance, avoid exit fees, and make a smooth transition without drifting onto Halifax’s higher standard variable rate (SVR).
If you’re planning to stay with Halifax, you can secure your new rate four months in advance, ready to go the moment your existing deal finishes.
Does a Halifax Product Transfer Affect Your Credit Score?
Usually, no.
If you’re just switching to a new rate — same balance, same term, same repayment type — Halifax won’t perform a credit check.
However, if you’re increasing your borrowing, changing your term, or switching between repayment and interest-only, Halifax will do a full affordability assessment and a hard credit check.
So, if your circumstances have changed, talk to a broker first. We can tell you upfront how it’s likely to go before you hit ‘apply’.
Outstanding service and clear communication are at the core of what we do. But don’t just take our word for it—read firsthand experiences from our clients and discover why they rate us a 5-star mortgage broker.
Can You Change Your Mortgage During a Product Transfer?
Yes — you can.
You can extend or shorten your mortgage term, increase your borrowing, or switch repayment types. Just note that this triggers a new application and credit checks.
If you’re not changing anything, though, it’s seamless.
Do You Need a Solicitor or Valuation?
No solicitors, no valuations, no fuss.
Halifax uses automated valuations based on local market data. Unless you’ve done significant renovations or think the figure is way off, there’s no need for an update.
If you do believe your property’s value has increased and want to improve your loan-to-value (and therefore your rate), you can request a revaluation — though the difference is often small.
When’s the Best Time to Complete the Switch?
Technically, you can do it right up until your deal ends. But in reality, it’s best to finalise things a few weeks before.
That way, your new rate starts immediately and you avoid spending even a day on Halifax’s standard variable rate — which is usually much higher.
What Type of Deals Are Available?
Halifax usually offers:
- Two-year fixed rates
- Five-year fixed rates
- Tracker options
Product transfer ranges tend to be smaller than what’s available to new customers, but still competitive — especially when you factor in the convenience and speed.
At Strive, we always check whether Halifax’s internal rates are genuinely your best option. Sometimes they are. Sometimes the wider market offers more value. Either way, you’ll know for sure.
Can You Add Fees to Your Halifax Product Transfer?
Yes. Most product fees can be added to your mortgage balance, meaning you don’t need to pay them upfront or go through extra checks.
Is Staying with Halifax the Right Move?
That depends.
If your circumstances have changed — maybe your income has dropped or your credit score isn’t what it used to be — then sticking with Halifax might be your easiest and safest option.
But if your finances are solid, don’t assume loyalty pays. Many lenders actively target remortgage customers with sharper rates and incentives.
At Strive, we compare Halifax’s product transfer rates with the whole market, so you know exactly what’s out there — no guesswork, no wasted time.
Talk to a Halifax mortgage expert today
What Documents Do You Need?
Very little. Usually just:
- Proof of ID
- A bank statement (occasionally) to confirm your address
No payslips, no paperwork marathon — unless you’re changing the structure of your loan.
Why Use a Broker Like Strive?
Because your mortgage deserves more than a “click and renew” approach.
At Strive, we’re independent, whole-of-market brokers. That means we can:
- Compare Halifax’s rates with every major lender
- Access exclusive deals you can’t get direct
- Monitor rate changes between now and completion (and switch you if a better one pops up)
- Handle all the admin, calls, and chasing so you don’t have to
We’ll make your product transfer painless, professional, and profitable — with one goal: keeping your money in your pocket, not your lender’s.
Jamie Elvin
Jamie is an expert in all things mortgages, and our most experienced broker. Connect with Jamie and get started to see how Strive Mortgages can help you.
