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  • If you ask a broker, weirdly they will tell you that this is not always the case. Mainstream lenders seem to think the risk is different for different loan purposes. Borrowing to invest / consolidate debts / buy another property are seen as red flags.

  • Sure - sorry, I meant more that you just say renovation and leave it at that. If you say you want to borrow £50k because you've seen a cool NFT, they will have a different outcome :D

  • ah gotcha. yep - "I need £50k to fund my gambling habit for a few months" is not going to have a positive outcome :-D

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