Home owners seeking to make house improvements or renovations for their home will usually start thinking about remortgaging at a greater loan-to-value (LTV) to produce a number of the equity inside their home to cover the job. But, with mortgage brokers withdrawing high LTV services and products through the market in reaction to your uncertainty that is economic because of the Coronavirus pandemic, this method might not be since easily available as before.
Our research has discovered that you will find currently 283 remortgage deals offered by an 85% LTV or maybe more. Of the, 236 are offered by an 85% LTV, 38 at a 90% LTV, and simply nine at a 95% LTV. In comparison, those seeking to remortgage at an 80% LTV have actually 381 discounts to select from. Those at an 85% LTV and who are looking to borrow additional money when remortgaging could struggle to get a deal and may want to consider a secured loan instead as a result.