We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Re-mortgage advice
RJ7_2
Posts: 1 Newbie
I bought a house two years ago with a 20% deposit and a large mortgage, fixed for 2 years at 4.99%. The deal is about to end and according to my mortgage provider I'm in negative equity. I think their valuation is nonsense - they apply a blanket fall in value across greater London - but it doesnt seem to be possible to challenge it. The best they will offer is 5.29% fixed for 4 years. At the moment their SVR is 3.5% so I'm very tempted to move ont the SVR for a while and hope that things improve but the broker I used for my first mortgage is adamant that the situation will only gt wrose if i leave it. Any advice?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards