Help Needed With Mortgage

hissy1983

Hi hoping somebody will be able to help me with my situation. Me and my wife bought house two year ago on a prime mortgage as I dont have a great credit rating we were paying a higher rate. This was for 2 years fixed of 6.6 percent, on a 95% mortgage. I took this on interest only hoping that after 2 year it would then go down to a better rate and start to pay it off.

The company dealing with my mortgage explained that that the lender was willing to give me same deal as before but on 4.8 as I had never missed a payment but they have done a value on my house and said that it has loss over £6000 in value, we bought house for 81000 and it was a shell . We have spent a huge amount of money inside and out from fitted kitchen, bathroom. New doors, newly plastered walls and full new renovated front and back garden.


I was told that they are valuing this against an overview of house prices in Britain so are not fully looking into value of my house in deatil.

I was then invited to pay £75 for mortgage lender to send surveyor out for proper estimate in hoping that I can get it to the value I need.

The information or help I am looking for is how can I emphasize the value of my house better, where can I maybe look or start looking for better mortgage deals that would take 95% mortgage, and any other help that could relate to my query.

Thanks:money:

bettykitten_69

You could try contacting a local estate agent to see if they would value or check houseprices.co.uk

georgehere

1)what does the mortgage contract say happens at the end of the fixed rate period? check this carefully and see what your 'stay where you are' option is

2)who is 'The company dealing with my mortgage' .. is it a broker or are you speaking direct to the lender?