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Tag: Property Investment

  • 1.5 Million UK Homes Impacting the Mortgage Market

    1.5 Million UK Homes Impacting the Mortgage Market

    Recent research reveals that over 1.5 million homes in the UK are considered ‘unmortgageable’ by mainstream lenders, significantly impacting the mortgage market. This situation arises from various factors, including construction types, lease lengths, and property conditions, which restrict access to traditional mortgage finance.

    TL;DR: More than 1.5 million UK homes are classified as unfit for standard mortgages; this affects borrowers seeking financing for unique properties.

    What Types of Properties Are Unmortgageable?

    According to the findings, properties that fall outside traditional lending criteria include thatched cottages, high-rise flats, and homes near commercial premises. Additionally, properties lacking essential facilities, such as functioning kitchens or bathrooms, are also deemed unmortgageable. This classification affects around 6% of the UK’s 28 million residential properties, limiting options for potential buyers.

    Why Are Buyers Interested in Unmortgageable Properties?

    Despite the challenges, many buyers are drawn to these properties for various reasons. A significant 44% of respondents believe that such homes offer better value for money compared to traditional properties. Furthermore, 31% are motivated by the potential to renovate or restore these homes, while 28% hope to increase their value before selling them for a profit. This indicates a growing interest in properties that require investment and improvement.

    What This Means for the Mortgage Market

    For borrowers, the classification of properties as unmortgageable presents a significant hurdle. More than one in five respondents reported having their mortgage applications rejected due to the nature of their desired properties. Additionally, 32% of buyers noted that they had access to a limited number of lenders willing to consider their applications. For investors, particularly those in the buy-to-let market, the prospect of lower purchase prices and potential rental income can be appealing, with 35% citing rental income as their primary motivation.

    How Can Buyers Navigate This Challenge?

    Understanding the specific criteria that lenders use to classify properties can help buyers make informed decisions. Engaging with specialist lenders who cater to non-standard properties may provide alternative financing options. Buyers should also consider the renovation costs and potential risks involved in purchasing unmortgageable homes. The willingness to take on such properties can lead to rewarding opportunities, but it requires careful planning and consideration.

    Frequently asked questions

    What should I consider before buying an unmortgageable property?

    Before purchasing an unmortgageable property, assess the renovation costs, potential risks, and your access to financing. Engaging with specialist lenders can provide insights and options tailored to your situation.

    Are there lenders that finance unmortgageable properties?

    Yes, some lenders specialize in financing non-standard properties. It’s essential to research and reach out to these lenders to explore your financing options.

  • Over 1.5 Million UK Homes Impacting the Mortgage Market

    Over 1.5 Million UK Homes Impacting the Mortgage Market

    Recent research indicates that over 1.5 million homes in the UK are classified as ‘unmortgageable’ by mainstream lenders. This situation arises due to various factors including construction types, lease lengths, and property conditions, which fall outside traditional lending criteria. Understanding these challenges is important for buyers and investors looking to navigate the mortgage market.

    TL;DR: More than 1.5 million UK homes are deemed ‘unmortgageable’ by high street lenders; this affects buyers and investors seeking financing for unique properties.

    What Makes a Property Unmortgageable?

    Properties can be classified as unmortgageable for several reasons. High street lenders often reject homes that are unconventional in construction, such as thatched cottages or high-rise flats. Additionally, properties located near commercial premises or those lacking essential amenities like functioning kitchens or bathrooms also face challenges securing financing. The study highlights that around 6% of the UK’s 28 million residential properties could struggle to obtain mainstream mortgage finance due to these criteria.

    Why Are Buyers Interested in Unmortgageable Properties?

    Despite the challenges, many buyers are drawn to unmortgageable properties for various reasons. Approximately 44% of respondents who considered such homes believed they offered better value for money compared to traditional properties. Renovation opportunities are also appealing, with 31% motivated by the chance to restore a property, while 28% aim to add value before selling it for profit. This interest reflects a growing trend among buyers willing to undertake projects that others might avoid.

    What This Means for the Mortgage Market

    For landlords and investors, the mortgage market is shifting. The potential for lower purchase prices is a significant draw, particularly for buy-to-let investors, 35% of whom cite rental income as their primary incentive. However, the challenges of obtaining financing remain evident, with 21% of respondents reporting previous mortgage application rejections and 32% facing a limited pool of lenders willing to consider their applications. This situation necessitates a strategic approach for investors looking to capitalize on the opportunities presented by unmortgageable properties.

    How Can Buyers Navigate the Mortgage Market?

    Understanding the intricacies of the mortgage market is essential for prospective buyers of unmortgageable properties. Engaging with specialist lenders who are more open to unconventional properties can be beneficial. Additionally, buyers should be prepared for a potentially lengthy and challenging process, as indicated by the 31% who acknowledge the risk-to-reward ratio involved. Being informed about current mortgage rates and exploring options through mortgage rate comparison tools can also aid in making well-rounded decisions.

    Frequently asked questions

    What types of properties are typically unmortgageable?

    Common examples include thatched cottages, high-rise flats, and homes lacking essential amenities like kitchens or bathrooms. Properties near commercial premises may also face challenges.

    How can buyers secure financing for unmortgageable properties?

    Buyers should consider engaging with specialist lenders who are more willing to finance unconventional properties. Researching current mortgage rates and comparing options can also help in securing the best deal.

  • UK Mortgage Market Update: Key Changes and Insights

    UK Mortgage Market Update: Key Changes and Insights

    The UK mortgage market is experiencing significant shifts as lenders adjust to economic pressures and government policies. Recent developments include the Prime Minister’s decision to maintain the current stamp duty structure and Aldermore’s increase in maximum loan-to-value ratios, which could impact borrowers and investors alike.

    TL;DR: Aldermore has raised its maximum loan-to-value to 98%, while Prime Minister Andy Burnham ruled out changes to stamp duty in the upcoming budget; these moves affect both borrowers seeking higher LTV options and those navigating the current tax market.

    What are the latest changes in stamp duty policy?

    Prime Minister Andy Burnham has confirmed that there will be no changes to stamp duty in the autumn Budget. This decision means that the current tax structure will remain in place, which is significant for homebuyers and investors who may have anticipated potential reforms. Maintaining the status quo provides a degree of certainty in a fluctuating market, allowing buyers to plan their finances without the added complexity of new tax regulations.

    How is Aldermore impacting the mortgage market?

    Aldermore has introduced a revamped residential mortgage proposition, raising its maximum loan-to-value (LTV) ratio to 98% for employed borrowers. This move is particularly noteworthy as it allows borrowers with smaller deposits to access higher-value loans, thereby expanding their options in a competitive market. The new five-tier product structure aims to cater to customers with complex financial situations, potentially increasing accessibility for those who may have struggled to secure financing previously.

    What does the latest data say about mortgage approvals and lending?

    According to the Bank of England, net mortgage lending surged to £7.7 billion in June, indicating a significant increase in buyer confidence. Mortgage approvals for house purchases also saw a slight uptick, suggesting that more individuals are entering the market despite ongoing economic uncertainties. However, average new mortgage rates have climbed to 4.35%, driven by geopolitical factors that have influenced swap rates. Borrowers should be aware that while confidence is rising, the cost of borrowing is also on the rise, which could affect affordability.

    What this means for borrowers and investors

    For borrowers, the increase in Aldermore’s LTV ratio presents an opportunity to secure financing with a smaller deposit, which could be particularly beneficial for first-time buyers or those looking to move up the property ladder. However, with rising mortgage rates, it’s essential for borrowers to assess their financial situations carefully and consider how future rate increases might impact their repayments.

    Investors should also take note of the current state of the mortgage market. The absence of stamp duty changes means that property purchases remain predictable from a tax perspective, but the rising costs of borrowing could influence investment decisions. Investors may need to recalibrate their strategies to account for higher financing costs while also considering the regional variations in property values, particularly in London, where prices continue to decline.

    Frequently asked questions

    What are the implications of the unchanged stamp duty?

    The decision to keep stamp duty unchanged provides stability for homebuyers and investors, allowing them to plan their purchases without the uncertainty of new tax implications. This can encourage more activity in the housing market, especially among those who might have delayed purchases due to anticipated changes.

    How should borrowers prepare for rising mortgage rates?

    Borrowers should review their financial health and consider locking in fixed-rate mortgages where possible to mitigate the impact of rising rates. It’s also advisable to stay informed about market trends and lender offerings to secure the best possible deal.

  • UK House Price Growth Slows: Impact on Mortgages

    UK House Price Growth Slows: Impact on Mortgages

    House price growth in the UK has slowed significantly, with a mere 0.1% increase recorded in July. This marks a notable shift from the 2.2% rise seen in June, indicating a cooling market that may affect mortgage dynamics for potential buyers and investors.

    TL;DR: House prices rose just 0.1% in July, down from 2.2% in June; this slowdown may impact mortgage availability and buyer sentiment.

    What are the current average house prices in the UK?

    The average house price in the UK now stands at £277,542. This figure reflects a 1.8% annual increase, a significant decrease from the previous month’s growth rate. The slowdown in price appreciation suggests that the housing market is experiencing a shift, which could influence mortgage lending and buyer decisions.

    Why has house price growth slowed?

    Several factors contribute to the deceleration in house price growth. Geopolitical tensions, particularly the ongoing conflict between Iran and the US, have led to increased energy prices and market interest rates. Additionally, the Bank of England’s recent decision to maintain interest rates at 3.75% suggests a cautious approach to monetary policy, which could further affect mortgage rates and affordability for borrowers.

    What does this mean for mortgage seekers?

    The slowdown in house price growth may provide some relief for first-time buyers and those looking to remortgage. With stock levels at a 12-year high, buyers may find more options available, although serious interest from buyers has not matched earlier levels this year. For lenders, a stable inflation rate could create more opportunities to compete on mortgage pricing, potentially benefiting borrowers in the long run.

    What this means for investors and landlords

    For property investors and landlords, the current market conditions may signal a more cautious approach to acquisitions. The easing of annual growth rates indicates that the market may not be as robust as earlier in the year, prompting investors to reassess their strategies. With increased stock levels, there may be opportunities for negotiation on property prices, but the overall sentiment suggests a need for careful consideration before making new investments.

    Frequently asked questions

    How do interest rates affect mortgage availability?

    Interest rates play a important role in determining mortgage availability. When rates are higher, borrowing costs increase, which can limit the number of buyers able to afford a mortgage. Conversely, lower rates can encourage more lending and stimulate demand in the housing market.

    What should I watch for in the housing market?

    Keep an eye on inflation trends and Bank of England announcements regarding interest rates. Changes in these areas can significantly impact mortgage pricing and the overall housing market dynamics, influencing both buyer sentiment and investment opportunities.

  • Buy-to-Let Mortgages: Key Trends from UK Finance Data

    Buy-to-Let Mortgages: Key Trends from UK Finance Data

    The UK mortgage market has shown significant recovery in 2025, with notable shifts in lender positions and lending activities, particularly in the buy-to-let sector. As total gross lending reached a substantial increase from the previous year, the implications for landlords, borrowers, and brokers are substantial.

    TL;DR: Gross lending in the UK mortgage market surged significantly in 2025; this growth, particularly in buy-to-let lending, signals a dynamic shift for landlords and brokers.

    How Did Major Lenders Perform in 2025?

    In 2025, Santander emerged as the standout performer in gross lending, experiencing a remarkable increase. Other major lenders also reported significant growth, with Barclays, NatWest, HSBC, and Nationwide all showing strong performance. Despite this growth, Lloyds recorded the slowest increase among the big six lenders but remains the largest lender in terms of both gross lending and outstanding balances.

    What Changes Occurred in the Buy-to-Let Mortgages Sector?

    The buy-to-let sector experienced even stronger growth, with gross lending rising significantly. Santander led this segment with a remarkable increase in buy-to-let gross lending, moving up in the rankings among lenders. Other lenders, including NatWest and HSBC, also saw significant increases in buy-to-let lending, while Kensington Mortgage Company improved its position as well.

    What Does This Mean for Landlords and Borrowers?

    The substantial growth in buy-to-let lending indicates a robust demand for rental properties, presenting an attractive opportunity for landlords. With Santander significantly increasing its buy-to-let lending while Barclays experienced a decline in its buy-to-let balances, it highlights a shift in how lenders are managing their portfolios. This trend suggests that landlords may benefit from exploring lenders outside the traditional big six, particularly those focusing on specialist and buy-to-let lending.

    For brokers, the data underscores the importance of staying informed about lender performance and market trends. The increase in gross lending, juxtaposed with a slower growth in total mortgage balances, indicates a significant level of activity driven by new lending, refinancing, and product switching. This churn may present opportunities for brokers to assist clients in finding competitive remortgage options or new buy-to-let products. For more insights, check out our buy-to-let mortgage rates.

    What Should Investors Watch Next?

    Investors should keep an eye on the evolving competitive dynamics among lenders, particularly in the buy-to-let market. The strong performance of lenders like Santander and the growth of smaller players suggest that there may be new opportunities for investment. Additionally, the shift in lender strategies, as evidenced by Barclays’ shrinking buy-to-let book, may indicate a broader trend of lenders reassessing their risk profiles and product offerings.

    Frequently asked questions

    What factors contributed to the growth in buy-to-let lending?

    The growth in buy-to-let lending can be attributed to increased demand for rental properties and competitive offerings from lenders, particularly Santander, which significantly increased its buy-to-let lending.

    How can brokers use the current mortgage market trends?

    Brokers can use current trends by staying updated on lender performance and advising clients on remortgaging and new lending opportunities, especially with lenders outside the big six.

  • 1.5 Million UK Homes Unmortgageable: Mortgage Market Impact

    1.5 Million UK Homes Unmortgageable: Mortgage Market Impact

    Recent research reveals that over 1.5 million homes in the UK are classified as ‘unmortgageable’ by mainstream lenders, highlighting significant challenges in the mortgage market. This situation affects a wide range of properties, limiting options for potential buyers and impacting investment strategies.

    TL;DR: More than 1.5 million UK homes are considered ‘unmortgageable’ due to factors like construction type and condition; this affects buyers and investors seeking affordable properties.

    Why Are Homes Deemed Unmortgageable?

    According to findings from Together, approximately 6% of the UK’s 28 million residential properties struggle to meet traditional lending criteria. Factors leading to this classification include unconventional construction types, short lease lengths, and poor property conditions. Examples of such properties include thatched cottages, high-rise flats, and homes lacking essential amenities like functioning kitchens or bathrooms.

    Who Is Affected by This Situation?

    The implications of having over 1.5 million unmortgageable homes extend to various groups, including first-time buyers, landlords, and investors. Many buyers are drawn to these properties due to perceived value, with 44% believing they offer better value for money compared to traditional homes. Additionally, 31% of potential buyers are motivated by the chance to renovate or restore these properties, while 28% aim to add value before selling them for profit.

    What This Means for the Mortgage Market

    For buyers considering unmortgageable properties, the market can be both challenging and rewarding. While 21% of respondents reported having their mortgage applications rejected, nearly a third faced a limited pool of lenders willing to consider their applications. However, the lower purchase prices of these properties can be appealing, particularly for first-time buyers, with 32% citing this as their main attraction. For buy-to-let investors, 35% are enticed by the potential for rental income.

    Despite the risks, 31% of buyers find the risk-to-reward ratio appealing, indicating a willingness to navigate the complexities of purchasing these properties. This trend suggests a growing market for alternative financing options, as buyers look for ways to invest in properties that mainstream lenders may overlook.

    What Should Brokers and Lenders Consider?

    Brokers and lenders must adapt to the realities of the unmortgageable property market. Understanding the unique challenges faced by buyers of these properties is essential. With a significant number of potential clients seeking alternative financing solutions, lenders may need to develop tailored products that cater to this segment. Additionally, brokers should be prepared to guide buyers through the complexities of purchasing properties that do not meet standard mortgage criteria.

    Frequently Asked Questions

    What types of properties are considered unmortgageable?

    Properties deemed unmortgageable often include those with unconventional construction types, short lease lengths, or significant condition issues, such as thatched cottages and high-rise flats lacking essential amenities.

    How can buyers finance unmortgageable properties?

    Buyers interested in unmortgageable properties may explore alternative financing options, such as specialist lenders or renovation loans, which cater to properties that do not meet traditional mortgage criteria.

  • House Price Growth Slows: What It Means for Mortgages

    House Price Growth Slows: What It Means for Mortgages

    House price growth in the UK has significantly slowed in July, with the latest data showing a modest increase of just 0.1%. This slowdown follows a more robust 2.2% rise in June, indicating a shift in the housing market dynamics that could impact borrowers and investors alike.

    TL;DR: House prices rose by only 0.1% in July, with the average property now priced at £277,542; this slowdown may affect mortgage availability and competition among lenders.

    What is the current state of house prices?

    The average house price in the UK now stands at £277,542, reflecting a year-on-year increase of 1.8%. This is a notable decrease from the previous month’s growth rate, suggesting that the housing market is losing some of its earlier momentum. With stock levels reaching a 12-year high, the number of serious buyers has declined, which may further influence pricing and market activity.

    How do geopolitical tensions affect the housing market?

    Geopolitical tensions, particularly the ongoing conflict between Iran and the US, have contributed to rising energy prices and market interest rates. These external factors can create uncertainty in the housing market, affecting both buyer confidence and mortgage rates. As the Bank of England has opted to maintain interest rates at 3.75%, the interplay between these geopolitical issues and domestic economic conditions will be important for future mortgage pricing.

    What does this mean for borrowers and investors?

    For borrowers, the slowing house price growth may offer a more stable environment for securing mortgages, as lenders might have more room to compete on pricing if inflation continues to ease. However, the reduced buyer activity could lead to fewer options for those looking to purchase properties. Investors should remain vigilant, as the current market conditions could present both opportunities and challenges in terms of property valuation and rental yields.

    What should we watch for next in the mortgage market?

    As the housing market adjusts to these new dynamics, it will be important to monitor inflation trends and how they influence interest rates. If inflation continues to decline, lenders may respond by offering more competitive mortgage rates, potentially stimulating buyer interest. Additionally, the response of the Bank of England to ongoing economic pressures will be key in shaping the future market of mortgage lending.

    Frequently asked questions

    How can I calculate my potential mortgage payments?

    You can use a mortgage calculator to estimate your monthly payments based on the loan amount, interest rate, and term length.

    What types of mortgages are available for first-time buyers?

    First-time buyers can explore various options, including residential mortgages that may offer lower deposits and government schemes to assist with purchasing a home.

  • 1.5 Million UK Homes Unmortgageable: Impact on Mortgage Market

    1.5 Million UK Homes Unmortgageable: Impact on Mortgage Market

    Recent research indicates that over 1.5 million homes in the UK are classified as ‘unmortgageable’ by mainstream lenders, significantly impacting the mortgage market. This situation arises from various factors including construction type, lease length, and property condition, which restrict many buyers from securing standard mortgage finance.

    TL;DR: More than 1.5 million UK homes are deemed unfit for standard mortgages, affecting 6% of residential properties; this limits financing options for many potential buyers.

    What Makes a Home Unmortgageable?

    Properties can be deemed unmortgageable for several reasons. Common examples include thatched cottages, high-rise flats, and homes situated near commercial premises. Additionally, properties lacking essential amenities like functioning kitchens or bathrooms often fall into this category. These factors contribute to lenders’ reluctance to finance such properties, leaving many buyers without traditional mortgage options.

    Who Is Affected by This Issue?

    The implications of having 1.5 million homes classified as unmortgageable extend to various groups, including first-time buyers, investors, and landlords. A significant portion of buyers—44%—believe that these properties offer better value compared to more conventional homes. Among those considering these properties, 31% are motivated by the opportunity to renovate or restore, while 28% aim to increase property value before selling for profit.

    What This Means for the Mortgage Market

    For prospective buyers and investors, the classification of homes as unmortgageable presents both challenges and opportunities. Many buyers are drawn to the lower purchase prices associated with these properties, with 28% citing this as their primary motivation. For buy-to-let investors, the prospect of rental income is a significant incentive, with 35% of respondents highlighting this as their main attraction.

    However, the challenges are evident; over 21% of respondents reported having mortgage applications rejected, and 32% found themselves with a limited pool of lenders willing to consider their applications. This situation underscores the need for buyers to be well-informed about the risks and rewards involved in pursuing unmortgageable properties.

    What Should Buyers Watch Next?

    As the mortgage market continues to evolve, potential buyers interested in unmortgageable properties should stay informed about changes in lending criteria and seek out alternative financing options. Engaging with specialist lenders or exploring renovation loans may provide viable pathways for securing funding. Additionally, understanding the local property market and assessing the potential for value appreciation will be important for making informed investment decisions.

    Frequently asked questions

    What types of properties are typically classified as unmortgageable?

    Properties such as thatched cottages, high-rise flats, and those lacking essential amenities like kitchens or bathrooms are often deemed unmortgageable by mainstream lenders.

    How can buyers secure financing for unmortgageable properties?

    Buyers can explore alternative financing options, such as specialist lenders or renovation loans, to secure funding for unmortgageable properties.

  • July House Price Growth Slows in the Mortgage Market

    July House Price Growth Slows in the Mortgage Market

    House price growth in the UK has slowed in July, reflecting a subdued housing market amid ongoing economic uncertainty. According to the latest data from Nationwide, annual house price growth decreased to 1.8% in July, down from 2.2% in June. The average UK house price now stands at £277,542, a slight increase from £277,484 in the previous month. This shift signals potential challenges for borrowers and investors in the mortgage market.

    TL;DR: Annual house price growth fell to 1.8% in July, indicating a cooling housing market; this impacts borrowers and investors as economic uncertainty persists.

    What Factors Are Influencing House Prices?

    The current slowdown in house price growth can be attributed to several factors, including geopolitical tensions and fluctuating energy prices. The ongoing conflict between Iran and the US has contributed to rising energy costs, which in turn affects market interest rates. Additionally, financial market expectations regarding the Bank of England’s interest rate trajectory have shown volatility, influenced by inflationary pressures both domestically and internationally.

    How Long Are People Staying in Their Homes?

    Nationwide’s analysis reveals that homeowners are now spending an average of 14 years in the same property. This figure varies significantly based on housing tenure: those who own their homes outright typically remain for around 24 years, while private renters tend to stay for about five years. This trend indicates a potential stagnation in the housing market, as fewer people are moving between tenures.

    What This Means for the Mortgage Market

    For borrowers, the slowing growth in house prices may suggest a more cautious approach to purchasing property. With the Bank of England holding interest rates steady for the fifth consecutive meeting, the mortgage market remains relatively stable. However, potential buyers should remain vigilant as economic uncertainties could influence future borrowing costs. Investors may also need to reassess their strategies, particularly if the trend of prolonged homeownership continues, which could limit the availability of properties for investment.

    Frequently Asked Questions

    What should borrowers consider in the current market?

    Borrowers should evaluate their financial stability and consider the implications of potential interest rate changes. It’s advisable to stay informed about current mortgage rates and seek professional advice when necessary.

    How can investors adapt to the changing housing market?

    Investors may need to adjust their strategies by focusing on long-term rental properties or exploring opportunities in emerging markets. Staying updated on market trends and economic indicators will be important for making informed decisions.

  • RAW Capital Partners Launches Bridging Loans for UK Investors

    RAW Capital Partners Launches Bridging Loans for UK Investors

    RAW Capital Partners, a Guernsey-based specialist lender, has expanded its offerings by introducing bridging loans secured against UK residential property. This move is significant for landlords and investors seeking quick financing options, as it provides a new avenue for accessing funds efficiently.

    TL;DR: RAW Capital Partners now offers bridging loans ranging from £100,000 to £4 million, aimed at landlords and property investors; these loans are available for terms of three to 18 months with a maximum LTV of 60%.

    What are the Key Features of RAW’s Bridging Loans?

    The newly launched bridging loans are unregulated and come with first-charge security against residential properties in the UK. Borrowers can access funds between £100,000 and £4 million, with terms ranging from three to 18 months. The maximum loan-to-value (LTV) ratio is set at 60%, and interest rates are tiered based on the LTV. This structure allows for flexibility depending on the borrower’s equity position.

    Who Can Benefit from These Bridging Loans?

    These bridging loans are particularly beneficial for foreign nationals, UK expatriates, and Channel Islanders who have been investing in UK buy-to-let properties. Following an expansion in December 2025, UK residents are also eligible, broadening the potential borrower base. The swift funding capabilities of RAW Capital Partners are designed to meet the urgent needs of property investors.

    What This Means for Property Investors

    The introduction of bridging loans by RAW Capital Partners enhances the financing options available to property investors, especially those looking for quick access to capital. With a significant fund of over £220 million under management, RAW is well-positioned to provide speed and certainty in the lending process, important for investors needing to act quickly in a competitive market.

    Frequently asked questions

    What is a bridging loan?

    A bridging loan is a short-term financing option used to bridge the gap between the purchase of a new property and the sale of an existing one, often used in property investments.

    How does the LTV ratio affect my borrowing?

    The loan-to-value (LTV) ratio determines how much you can borrow against your property’s value; a lower LTV typically means better interest rates and terms.