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Is just a loan that is secured good borrowing selection for funding home improvements?

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Is just a loan that is secured good borrowing selection for funding home improvements?

Derin Clark

Property owners looking to make house improvements or renovations with their home will consider remortgaging at often a greater loan-to-value (LTV) to discharge a few of the equity inside their home to fund the job. But, with lenders withdrawing high LTV services and products through the market in response towards the financial doubt triggered because of the Coronavirus pandemic, this choice may possibly not be since easily available as before.

Our research has unearthed that you will find presently 283 remortgage deals offered by an 85% LTV or more. Of those, 236 are offered by an 85% LTV, 38 at a 90% LTV, and simply nine at a 95% LTV. On the other hand, those trying to remortgage at an 80% LTV have 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.Read More »Is just a loan that is secured good borrowing selection for funding home improvements?