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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?
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