Mortgage Fixed Rate Deal Coming To An End...

[Chasingcars]

Our mortgage is on a fixed rate deal, it will run out end of the year.
If we decide not to go for another fixed rate the mortgage goes onto one of Halifax's standard rates, which currently is less % than our fixed deal.
As an exisiting Halifax customer with exisiting mortgage, and assuming fixed rates are the same as they are now in 6 months ( meaning our payments would drop) , would we have to sit through one of the new style mortgage interviews?

[Gizmonster]

If you simply intend on leaving things be and switch to their variable rate (which makes sense, if it's less than your current fix), I would assume that you wouldn't need to go through all that rigmarole again.
If you intended to take out another fixed deal, then I'd assume you would have to go in, so they could see how much they could screw you for .....

[ladybirder]

My daughter finished a Fixed Rate Deal last year and took another deal with same lenders and did it by just a 5 minute phone call.

[Peaspeculiars]

Hi Chasingcars,
We went straight through onto a variable rate after our 5 year fixed rate ended 2 yrs ago and didn't have to go back in for talks, it just automatically transferred over (the Co. we have the mortgage with is Countrywide). So far it has worked dramatically in our favour for the monthly payments, but I suppose it could all go pear shaped - it's the risk you take. It was scary going onto variable as the fixed rate was our first ever mortgage, but it's definitely been worth it. (touch wood).

[Gizmonster]

.... I forgot to mention that, like Peaspeculiars, had a 5 year fixed rate that we just let finish, 'cos it switched to a tracker rate. We didn't get called in or anything like that .... nothing to sign, etc.