If your Loan-to-Value (LTV) is high, indicating minimal equity, the mortgage rates accessible to you will be less competitive. Conversely, with a higher equity position (lower LTV), you can secure more favourable mortgage rates. Optimal rates are typically offered to individuals with an LTV of around 60%, translating to a 40% deposit.

1. Improve Property Value: Enhance your property's worth through renovations or improvements, contributing to a lower LTV. 2. Explore the option of switching lenders if you're dealing with a high interest rate. Additionally, contemplate accelerating your mortgage payments to achieve a smaller mortgage and increased equity accumulation. This strategic approach helps reduce the loan-to-value ratio, ultimately optimizing your overall financial arrangement. lower LTV), you can secure more favorable mortgage rates. Optimal rates are typically offered to individuals with an LTV of around 60%, translating to a 40% deposit.

- pay the professional contractors on time - No need to use your saving or pay high interest rate on credit cards to pay for your home renovation. - Sometimes the hidden treasure is where we live and easy to discover. Home improvement is the key to turning the actual home to a dream home. Not enough cash to re design and renovate the house? Home improvements mortgage.

Your source of down payment could be your saving or gift from your family members.