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Re-mortgage update

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Posted ages ago about a negative equity problem and re-mortgage ideas - followed the advice (thanks Thrugelmire especially) been through the process and got two free valuations for re-mortgaging purposes and we are indeed sitting on roughly 109% LTV:eek:
Having got nowhere with anyone, our current lender has with our good payment record and 'decent enough credit history' (their words not mine!) offered us a 2 year fixed rate, lower than the one we're now on so we get to ride out the storm and stash in some serious overpayments in the meantime.
Mortgage £119,533 going down slowly
Emergency fund £1000/£1000
Savings for big things £9017

Comments

  • ACG
    ACG Posts: 24,551 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Nice one, making the best of a bad situation :)
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    :T

    Pleased to hear that you've made good progress.

    Stick at it !
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