we have a mortgage through lloyds tsb which has just under 19 years to pay, we've never missed a payment and have just finished a payment holiday as we'd over paid for a year. we're going through a financial sticky patch and only have one income, although not a huge monthly pay check we could cover the mortgage and live off savings until things improve however we were wondering if it would be possible to extend the term of our mortgage term to either 25 or even 30 years to take our monthly outgoings down further. anyone have any experience of lloyds and this situation? we have no outstanding debt, credit cards, loans etc and no bad credit history
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