We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
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
-
You need a 40% deposit minimum, to get that mortgage offer.0
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards