Covid 19 Status

In line with HM Government requirements to fight the spread of Covid-19 we have measures in place to ensure that we protect our staff, their families and the wider community, but also to ensure that there is minimal disruption to our customers.

Your access to online Multi Agency Credit Reports, Expert Help and Account Management remains unaffected. We take great pride in the support that we provide to our customers and throughout this period will do all we can to minimise the impact on our services. While the country remains in lockdown we will continue to support your queries via a dedicated and experienced team that will be securely working from home, and supported by a Management Team that will continue to be based at our head office and who will be able to provide customer support as required.

The security measures that we have in place to protect your Personal Data, in line with our Privacy Policy, will mean that some elements of our personalised support are affected during this period as our support team will be working with anonymised data when working remotely. Freephone access to our Credit Analysts has been removed during this period while we focus our efforts on continuing to reply to all of your emails and secure messages within one working day.

Thanks for your understanding, and we hope to have full customer support available as soon as possible and wish you well during these challenging times.

LTV

What is Loan To Value (LTV)?

Loan to Value (LTV) is a credit slang term often used in mortgage finance. The LTV is a ratio - the amount of a mortgage expressed as a percentage of the value of the property’s value, or what you pay for the property. So if your get a mortgage with a max LTV of 90% and your property is worth £200,000 then the most you will be allowed to borrow is £180,000.

The higher the LTV, the more costly the mortgage, generally speaking. Consequently this can often tie in closely with affordability as this can restrict the maximum LTV available and therefore whether you can afford the new property.


Q: How is LTV calculated?

A: It is worked out as the mortgage amount compared to the value of the property at its present market value, as assessed by appraisal.

Q: How does it affect my mortgage?

A: The higher the LTV, chances are the longer you’ll be paying off the mortgage as it represents a higher amount to be repaid.

Jargon Buster

Use the links below and the resulting list of terms on the right to locate the term you are looking for. If you can't locate it, please get in touch.

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