LTV formula
LTV = mortgage balance ÷ property value × 100.
Loan to value—
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Loan-to-value calculator guide
Loan-to-value compares the size of a mortgage or secured loan with the property value. It is one of the key figures lenders use when assessing property borrowing.
Equity
Property equity is the property value minus the outstanding mortgage.
Lower LTV
A lower LTV generally means you own a larger share of the property outright.
Frequently asked questions
What does 80% LTV mean?
It means the mortgage is equal to 80% of the property value and the remaining 20% is equity or deposit.
Is lower LTV usually better?
Lower LTV can reduce lender risk and may give access to a wider range of mortgage products.
Can LTV change over time?
Yes. It changes as the mortgage balance falls or the property value moves.
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