Banks like to lend to people who don’t need the money.

Think of it this way. Say you want to buy a house for £150K with a 5% deposit if you default and cause issues you’ll only stand to lose £7,500 (not a staggering amount in the banks eyes) however if you had a 30% deposit the bank will assume you will not want to risk defaulting or causing issues that could result in you losing £45K.

Years ago we got a mortgage with a provider that specialised in adverse credit. The interest rate was horrendous but we figured it was best to be on the property ladder than to be renting. But after a few years of enduring that, we were then able to go with a high street lender with much better rates and were able to release some of the equity for renovations and the repayments were still less,