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LTV? what does this mean?
suzyp1982
Posts: 255 Forumite
sorry im being thick 
0
Comments
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Loan to Value. The percentage or amount of loan as compared to the value of the property. Some lenders have different offers depending on size of loan, 60% should attract a better rate than say a 95% mortgage.0
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The value in the loan to value calculation is what the property is thought to be worth by the lender and not necessarily what you are paying for it...0
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The lower the loan compared to the value of property. The lower the risk to lender on default given they have the right to repossession, i.e., the more chance they have of getting their money back if they end up selling your property on the cheap!0
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