LTV On Mortgage Statement

sirarthur

Do mortgage lenders adjust the value of a house when they calculate the LTV on a mortgage statement? I can't seem to make mine make sense as it was originally valued at £140 000 and the amount owed is £107 519 but it says the LTV is 67% but when I work it out it seems nearer 76%. Am I doing something stupid? (almost certainly)

Penguin_

Do you have an online mortgage account? I imagine it is because the property has been revalued, should show online the updated valuation. I'd guess the value of your house now is around £160,476 ish

sirarthur

Thanks for the speedy reply. Yes it's an online account with Accord. That's what was confusing me, I thought they would stick by the original valuation when the mortgage was agreed, I didn't realise they would make estimated valuations over time. Thanks again.

Penguin_

sirarthur said:

Thanks for the speedy reply. Yes it's an online account with Accord. That's what was confusing me, I thought they would stick by the original valuation when the mortgage was agreed, I didn't realise they would make estimated valuations over time. Thanks again.

No I think it moves with the market so it will always go up or down.