Hello All,

I'm after some much needed advice and hope someone can help me please! Because I am hard of hearing I find it difficult to use the phone and my mortgage (Mortgage Express) do not correspond via email which makes things more difficult.

I currently have a property which is valued at £145k and my mortgage is £137k. I have now found a house I like in Chester (I need to relocate due to work) This new house is £130k and I can get hold of £20k to put towards it.

Now here is where it gets tricky! I have been trying to find a new mortgage but due to my credit history all lenders will only give me 50%.

However speaking to my current lender Mortgage Express they would be willing to move the existing mortgage to a new propoerty provided the amount is less than what it is now. They attempted to explain how this works on the phone but I could not understand clearly.

Is there any generous mortgage advisor who may be able to explain how this works? Assuming I would sell the place in Daventry... the mortgage would be paid, then they would release new funds for the place in Chester??

Any help would be appreciated please!

Kind regards

Steven