Any chance of a new mortgage deal?

Bickers70

Hi All,

I had a 2 year, fixed rate mortgage with Abbey for £135,000 which I took out in April 2007 in joint names with my partner. In Janauary 2008 we split up. I had to borrow a further £20,000 to pay her off. At this time my house was valued at £175,000. Luckily I've got a relatively well paid job and so transferred everything over into my name and have continued to make the mortgage payments on an outstanding mortgage now totalling £155,000.

I went onto the SVR in April 2009 which was fine (and still is fine) but now I am considering a re-mortgage to fix my payments again so I've got a bit of stability. The problem is that my house is now only worth somewhere between £165k to £170k if I'm lucky so I have very little equity.

I am a good payer (never missed a payment), have a good credit rating and can afford the repayments but is there a mortgage provider anywhere who would offer me a mortgage under these conditions? Most mortgage providers now only seem to be offering mortgages with a LTV of 80% max.

Any advice would be appreciated.

Regards
Paul.

beecher2

Phone up Abbey and see what, if anything, they'll offer you. Ask them what they value your property at while you're on the phone. If you have an LTV of below 90% then you might get a deal elsewhere, but it would be a good bit more expensive than what you're on atm.