Precis

LTV Calculator

Loan-to-value decides which mortgage rates you can get. See yours and how much extra deposit moves you down a band.

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Loan to value
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What is loan to value (LTV)?

LTV is the mortgage as a percentage of the property value: LTV = loan ÷ value × 100. A £255,000 loan on a £300,000 home is 85% LTV. Lenders price mortgages in bands, usually at 60%, 75%, 80%, 85%, 90% and 95%, and the lower your LTV the cheaper the rate tends to be.

Try different deposits in the Mortgage Payment Calculator and see what you can borrow in Mortgage Affordability.

Frequently asked questions

How do I calculate LTV?

Divide your mortgage by the property value and multiply by 100. £200,000 on a £250,000 home is 80% LTV.

What is a good LTV for a mortgage?

Lower is better. Rates improve noticeably at 60%, 75% and 80% LTV, and 90–95% LTV mortgages carry the highest rates.

What is the maximum LTV in the UK?

Most mainstream lenders cap at 95% LTV, meaning a 5% deposit.

Related searches

Mortgage PaymentMonthly repayment from a known loan amount, rate and term. Mortgage AffordabilityHow much you could likely borrow, from your income and outgoings. Stamp Duty (SDLT)What you'd owe on a purchase in England or Northern Ireland.