What are my chances....?!

emma.b123

Hi all,

I am due to re-mortgage in June 2010, so just under 10 months to go, but thought i'd ask in advance to see what ppl think!
We have a 100% mortgage w/Abbey on a house be bought at FTBs valued at 145K. Obviously, due to the slump, we've lost some of the value - approx value now at 130k, alhtough we are in a growth area so we hopefully will claw some of this back before the re-mortgage date.
Basically, I don't know what our chances of the face of things would be to negotiate another fixed, or whether they would decide to switch us to a variable. And is the option of a variable from Abbey a given as we already have a mortgage with them (i.e i assume it would be in their interest to keep us as we have made all the payments, and they would surely risk debt themselves in haveing the debt bought out?) Also, would they take into account our lack of options for shopping around on a potentially neg equity mortgage before offering us either a fixed or variable %? we're currently on a huge yet affordable 7.2, although not a hell of a lot of room for any more %!!

thanks in advance for any advice/opinions!!