Business Terms and Jargon Explained

What is LTV

This is an abbreviation for Loan to value. This is the mortgage amount express as a percentage of the property price If a property cost 500,000 and a mortgage is taken out for 450,000, then the LTV would be 90%.

Property Value 500,000

Mortgage         450,000

LTV = 90%

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Term created / updated 2006-04-14 22:51:48

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