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Quite simply, loan-to-value is a way of expressing the difference between the value of the house you’re buying and the amount of money you’re borrowing to pay for it. It is one of the main factors that your bank or building society will assess when deciding whether you qualify for a mortgage.
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Loan-to-value (LTV) ratio is an assessment of lending risk that financial institutions and other lenders examine before approving a mortgage. Typically, assessments with high LTV ratios are higher.
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The loan to value (LTV) is essentially the size of mortgage a lender is prepared to offer you in relation to the value of the property you are buying or remortgaging. It is expressed as a percentage. So, for example, if a lender offers a mortgage deal which has a maximum 80% LTV, that means they will lend you up to 80% of the property value.
That means you are taking out a loan for 75% of the appraised value of the home and you will own 25% of the home through your contributed down payment. How LTV Affects Your Mortgage Lenders like lower loan-to-value ratios because it means that borrowers have more skin in the game.
· A loan-to-value ratio (LTV) compares the amount of money you’re borrowing to the home’s value and then expresses it as a percentage. What is loan to value used for by lenders? It’s one piece of criteria financial institutions look at when assessing whether you’re a good risk for the loan you’re applying for.
Loan to Value (LTV) Calculator – L&C Mortgages – The loan to value (LTV) is essentially the size of mortgage a lender is prepared to offer you in relation to the value of the property you are buying or remortgaging. It is expressed as a percentage.
LTV, or loan-to-value, is all about how much your mortgage borrowing is in relation to how much your property is worth. It’s a percentage figure that reflects the proportion of your property that is mortgaged, and the amount that is yours (the amount you own is usually called your equity).
The loan-to-value ratio is the mortgage loan amount divided by the current appraised value or sales price of the associated property. It’s very important in determining your mortgage rate.