calculating LTV

Bertie_the_third

If have to add the stamp duty into the mortgage is LTV calculated where

"value" of loan = payed price for property + stamp duty

and LTV calculated as a % of this figure?

or is LTV just a % of payed price of property


sorry to ask something so basic!

beecher2

LTV is calculated as the amount borrowed divided by the valuation (or price paid if that is lower) x 100

So if you borrow £80,000 all together (mortgage plus stamp duty) and the valuation is 100,000, your LTV is 80%

Bertie_the_third

Thank you!