Idiot! The mortgage is 103K, the cash paid was 22K making the total paid for the property 125K... this was a cheap price for the property because it needed renovation.

You must of had a bad day ;) ... or maybe it does'nt take much to confuse you...

im confused? you say ur mortgage is 103, and you bought this house 22k more expensive because it needs a complete modernisation?

im sorry but am i getting the wrong end of the sticks, cause that looks like what you have written down

I am due to remortgage from my fixed rate at saffron bs at the end on may 2009, my current mortgage is for 103K , i bought the house this time last year for 125K due to it needing a complete modernisation. My problem now is what will the mortgage companies value the house at?? similar houses on the estate go for anything from 110K to 160K in differing states of repair?? i am worried that the mortgage company will do a search on the price paid a year ago and use that as the benchmark??

Any advise please?

The standard variable rate for my current mortgage company is 5.49%, i only pay 5.65% for my fixed rate on an interest only mortgage that i want to change for repayment.

What LTV ratio should i be looking at to start comparing mortgages

thanks