Loan to Value (LTV)

The 'loan to value' ratio is ratio between the size of the loan you are seeking and the mortgage lender's valuation of the property.

So if you're borrowing £55,000 on a property valued at £100,000, the LTV is 55% and the lender will feel comfortable you have enough equity in the property for it to be reassured if you stopped making your interest/capital repayments, it could sell your property and recoup the money you owe.

Get professional help from a qualified independent mortgage advisor and see how much you could save on your mortgage payments. There's no obligation, just plain good advice.

See also: Financial Services, Mortgages