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
Mortgage and flat price
sheenie_2
Posts: 4 Newbie
Can anyone help me please.
We brought our flat for £135,000 and now its only worth about £99,995.
We aren't on a fixed deal any more or tied down with our mortgage dealer.
So im wondering is it possible to move to another? with such a huge difference for what we owe and what our property is worth?
We brought our flat for £135,000 and now its only worth about £99,995.
We aren't on a fixed deal any more or tied down with our mortgage dealer.
So im wondering is it possible to move to another? with such a huge difference for what we owe and what our property is worth?
0
Comments
-
What is the current amount you owe on your mortgage ? If you owe more than the current value of the flat, you are extremely unlikely to be able to move it to anyone else.0
-
yeah its still a high amount0
-
How much do you owe?0
-
negative equity caused problems when remortgaging. it all depends on what you have paid off, what savings you have etc....
can you overpay on your mortgage?0 -
i think its still around 135,00. it was a 105% mortgage, we had to get a loan on top of the mortgage0
-
Due to the lack of equity you will not be able to switch to another lender.0
-
okay thank you0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards