Im currently in a 5 year fixed mortgage deal with nrock,having 3. 5 years left on it. Was thinking of moving 5 months back and they would allow me £150,000 just on my income. As it happend the house i wanted got pulled off the market. Another property had caught my eye last week so i gave nrock a ring for them to tell me they wont lend anybody any money and that they would only lend me £108,000, even though my mortgage with them is £113,000. The property i was looking at meant id only need to up my mortgage by £10,000 max and they said because my mortgage with them is %100 that i would now need to have a deposit ( which i dont have ) . id would break even on selling my property so really only need £7000 extra,even if i had that cash they still want a %10 deposit. They are blaming the credit crunch. Is there any legal action i can take against them because the mortgage product i have with them is now pointless and i cant come out of it without paying £4650 redemption fee and if the market crashes slighty then im stuck in my flat because i couldnt afford to sell it at less than what my mortgage is. I feel like im being punished for having a %100 mortgage and although me and my partner earn £55k between us and can afford a bigger mortgage they still wont lend to us without a deposit....arrrrg! OH...and they said if i put £15,000 down my monthly payments would be higher than what they are now.....BRILLIANT LOL