Loan to Value (“LTV”) is the ratio of ‘debt’ to the property’s ‘purchase price’ or ‘value’, and is expressed as a percentage.
For example, if the property’s purchase price is £1,000,000 and the LTV is 55%, then £550,000 will be funded by debt.
Loan to Value (“LTV”) is the ratio of ‘debt’ to the property’s ‘purchase price’ or ‘value’, and is expressed as a percentage.
For example, if the property’s purchase price is £1,000,000 and the LTV is 55%, then £550,000 will be funded by debt.
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