Commonly referred to as LTV, Loan-to-value refers to the mortgage amount in comparison to the actual value of your property. Mortgage rates tend to work in conjunction with the loan-to-value of a property. Generally, the lower the loan-to-value, the lower the mortgage rate, meaning your monthly mortgage payments would be lower.

If you have a mortgage offered at 90% Loan-to-Value, you will need to find a deposit of 10% to put down.

Through using a mortgage adviser, they will be able to advise you on what the right mortgage product is for you, taking into account Loan-to-Value and the amount of deposit you have/will need to save.

The information contained within was correct at the time of publication but is subject to change. 02.05.2024

Your home may be repossessed if you do not keep up repayments on your mortgage.