Yes, that all makes sense. It does sound like renting could still be a good option for you. The only alternative would be to make a formal complaint to your existing lender but there is no guarantee of outcome and might just increase the stress again.
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Dont think we would go down the complaint route.. as you say no surety that we will get a good outcome and would pee off our lender Im sure, rather stay in at least one's good books!
Our LTV was sitting at 92% this time last year, as property market improves & we continue to reduce capital hopefully we will push that down to the 90% which is the lenders bare minimum, maybe it will be worth another look then.
Thanks for all the advice everyone... talking it through has also helped.. will maybe look into the current ltv & current market value, but wont get my hopes up. Rental is probably still best option.
