LTV 122% - Halifax wont let me fix at the moment

Greenr

beecher wrote: »

I think you should calm down, breathe and be thankful that Halifax are willing to give you a deal while you're in negative equity. Plenty of other banks aren't doing so unless your LTV is below 90%. The value of your property will have gone down - same as everyone else's. You might be shocked once you get that valuation done - it is possible that Halifax's valuation isn't as inaccurate as you think.

You obviously also have the option of the SVR if you're unhappy with Halifax, or to overpay significantly, get down to 90% and move elsewhere.

I had my Halifax valuation (visit by one of their surveyors) last week - according to a telephone conversation with the Halifax a few weeks ago, my property had dropped to 53k. The Halifax valuation last week confirmed that my property is actually worth 75k - That was £100 well spent!! So I'm not in negative equity and can now fix on a better rate!!