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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