mortgage for lesser amount to reduce outgoings

I find myself in a situation wher i want to move to a smaller property to reduce my mortgage from 46500 to 35000. the abbey national (current lender) will not agree to a new mortgage as we have had three missed (late) payments in the last 12 months and are overdrawn with them 1500pounds. the current mortgage is fixed for 5 years (three years left of that) at6.9%. we have asked for a consolidation loan of 7500 to pay off outstanding loans and debts and a mortgage of 35000 pounds. the Abbey National (local branch) have said there is nothing they can do to help. if we could get a mortgage with another lender (which appears to be impossible due to having been late wihh payments in last 12 months) the Abbey National will want 1800 pound from us for leaving the fixed rate deal. any suggestions or does any one know the head office and managing director of the abbey?

[ Previous | Next ]