The significance of Loan-to-value (LTV)
To remortgage up to a brand new home loan deal. Home loan prices usually are priced in LTV bands, for instance 95%, 90%, 85%, etc. You really need to verify that saving for longer may help to push you on to a lower life expectancy LTV to truly save interest expenses.
This calculator is supposed to provide an illustration just.
Just how to calculate loan-to-value
Your LTV is determined by dividing the worthiness for the home loan you’ll need because of the worth of your premises (or usually the one you want to buy). Continue reading