The borrowed funds-to-worth (LTV) of your mortgage is the percentage of the complete price of the house or property that you’re borrowing. Instance, an effective ?180,000 home loan to the a beneficial ?2 hundred,000 property keeps an LTV off ninety%. Particular loan providers will give at a top earnings several for mortgage loans that have a reduced LTV (age.g. below 85%).

Thus basic-big date consumers normally have access to a lot fewer loan providers and you can selling as first-date customers will be to find with a tiny deposit, whilst some currently have particular security inside their latest domestic that they may put for the a new property. Continue reading →