Response to Can I get another mortgage?

Yes, it may affect your future applications. Lenders generally go on your credit records when they assess whether or not to give you a new mortgage. What those credit records show depends (mainly) on how long ago you took out the mortgage, as well as how often and how recently you have missed payments, and problems you have had paying other debts in the last six years.

So called 'specialist' lenders will give you a mortgage but the rate will be 1.5-2% higher for 18 months or so. If you are quoted different, don't take the mortgage.

If I were you I'd a) talk over the possibility of selling with your current lender and b) rent for a few years... loans are going to get cheaper because demand is dying and competition is increasing and c) read the blacklisted? section of the site.

Hope this helps.

Lee

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