Re-mortgaging with negative equity? :S

EzeeTiger81

My fixed rate ends soon, which will actually help short term as the variable rate is lower than my current fixed rate, but if/when I do need to re-mortgage my house is now worth £15k - £20k less than when I bought it.

What are my options when trying to get a better deal?

Thanks :beer:

beecher2

You need your LTV to be 90% at the most so need to overpay by more than 20k to be in a position to remortgage. I'd go over to the debt free wannabe forum for help on how to put every bit of spare cash into the mortgage.

_Andy_

Your only current option for your mortgage is to see if your existing lender has any deals. Unfortunately no other lender will consider you at the moment.