This term describes the relationship between a loan secured on an asset and the value of that asset.
This term describes the relationship between a loan secured on an asset and the value of that asset.
So for example if a mortgage for £75k is secured on a house worth £100k, the LTV is 75%. The lower the LTV the more secure the deal is for the mortgage lender and the lower the overall cost of the mortgage. Most lenders will not offer high LTVs on second properties and/or investment properties.
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