The ratio expressed as a percentage of the loan amount to the sales price or appraised value, whichever is less. A $100,000 sales price with 20% down means the LTV is 80%.

Similar to the equity calculation, but also includes the loan advance amount. The mortgage balance is added to the loan advance, then divided by the property value to give the LTV. Eg. £65,000 mortgage balance + £10,000 loan advance = £75,000 divided by property value of £135,000 = a LTV of 56% The closer the margin is between the two values will mean a higher LTV %. Most lenders will only offer loans up to 95% LTV, however we have high LTV up to 125% which means you can apply for a secured loan even if you do not have equity available in your property.

The Loan to Value or LTV is the size of the loan/mortgage as a percentage of the value of the property. For example If the house is valued at £200,000 and you make a 20% down payment as the deposit of £40,000 then the LTV is 80%. Different mortgage products are available depending on the LTV required.