Remortgage - Stumped by the stupid credit file rules

kingstreet

Lenders set out their stall and attract the type of business they want.

Some want 'vanilla' business only, under 60% LTV etc and their rates are there to attract such business.

Others, offering perhaps higher rates will accept a few blips along the way in return for those higher rates.

A lot of it comes down to funding lines and perceived risk to those providing the funds, not necessarily the mortgage lender itself although the quality of the back-book may influence the cost at which lenders can borrow themselves...