Thanks for the reply, I was hoping someone like yourself would respond (read your posts/replies on several topics).

I totally agree with you, this will only benefit them in the long run, which I accept. However, I do get to move on and, in terms of them selling the house at a higher price in the future, I would have to 'suffer' that whoever I sold to.

To clarify the financial position a little:

1. House valued at £130K (realistically selling at £125K)

2. Existing mortgage £88.5K

3. 2nd charge £36K

This leaves a balance of £500 if I sold for £125K. To add to this, I do have £14K saved to use for a deposit on a new house.

Taking away around £3K for legal fees (assuming no estate agent fees in this deal but including stamp duty on a new house worth around £220K) I'd be left with around £11.5K.

All this means I am looking for a 95% mortgage on a house around £220K unless I can arrange a vendor gifted deposit of 5% to go with mine making a 90% mortgage a possibility.

Just wanted to put it in a little more context.

Anyway, rep is visiting in an hour so I'll probably end up posting again on the results of the meeting.

Thanks again.