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  • UK Mortgage Rates Plummet in Unprecedented Lending War: Borrowers Poised to Win Big

    The Surge of Competition Among Lenders In a remarkable shift in the UK’s mortgage landscape, more than 30 lenders have embarked on a competitive journey to slash borrowing costs, signalling a ‘mortgage price war’. This phenomenon reflects a collective response to the anticipation of a potential cut in the Bank of England’s base rate, currently…

  • What is a Drive-By or Desktop Mortgage Valuation?

    Mortgage lenders are increasingly relying on ‘desktop’ and ‘drive-by’ valuations when assessing your property for a Remortgage When remortgaging, some mortgage lenders will opt to carry out a drive-by valuation. In order for this to happen, you will need to pass certain risk checks with the lender. How to Qualify Whilst there is no concrete list…

  • Remortgage for Home Improvements

      Remortgaging for Home Improvements   If you have enough equity in your property then it will be possible to remortgage to carry out home improvements. You will need to show the new lender that you can afford the new increase in the mortgage loan, so your current income and credit profile will be tested.…