Martin Lewis on the single biggest factor that'll change your mortgage rateLoan to Value (LTV) ratio significantly impacts mortgage rates.Higher deposits or equity lead to lower interest rates.Mortgage rates are priced in bands, improving with lower LTV ratios.Home values can fluctuate, affecting LTV over time.
Appraisal readiness steps highlight staff training and quality controlExpanded appraisal waivers beginning in 2025 increase loan-to-value ratios, reducing costs and speeding up processes for borrowers.