It's a repayment mortgage. Not keen on going to interest only, particularly given the present situation with house prices. There will be no negative equity in our case at it stands. My wife receives what working tax credits she can. I have thought that the only options at present are:

1. Get the mortgage on a fixed rate - when the rates are good with my present lender.

2. Bring all the accounts up to date - (even if this means robbing Peter to pay Paul) and keep them up to date by making minimum payments only for the next 6 months (but by not involving Peter and Paul). Then apply for a consolidation loan at this time, as hopefully our credit ratings will be improved by upto date payment history.

What do you think?