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What does this mean "Maximum Loan to Value 60%"
topcat007
Posts: 246 Forumite
Hi ,
what does this mean please? my brain is frying
'Maximum Loan to Value 60%'
Does it mean i can not have a deposit greater than 40% so i could have a 30% one ? Or does it mean i need a 40% deposit minimum ?
Many Thanks!
what does this mean please? my brain is frying
'Maximum Loan to Value 60%'
Does it mean i can not have a deposit greater than 40% so i could have a 30% one ? Or does it mean i need a 40% deposit minimum ?
Many Thanks!
0
Comments
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You need a 40% deposit minimum, to get that mortgage offer.0
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The latter. The rate shown is what % of interest you will pay if you invest 40% deposit to fund the purchase of the property.0
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