Ought to you’re getting your first mortgage or remortgaging, don’t underestimate the importance of Loan-to-Price, or LTV.
Intelligent between the diversified tiers (recount from a 95% mortgage to a 90%, the total manner staunch down to 60%) can place you an infinite quantity of cash in month-to-month mortgage payments and minimize how powerful hobby you pay over the lifetime of the loan – with any luck saving you thousands of kilos.
In this video I’ve defined what Loan-to-Price is, shown the manner to calculate it AND position out the components that will decrease the percent you owe vs what you maintain in equity.
W A T C H N E X T
Might perhaps doubtless perhaps perhaps mute you overpay your mortgage?
R E A D M O R E
#RemortgagingUK #LoanToValueExplained #LoanToValue
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A B O U T A N D Y
Andy Webb is a money blogger and journalist. He runs the award-successful online page Be Suave With Your Money, hosts the Money Chats podcast, provided Channel 5’s Store Orderly Place Money and writes every month for Reader’s Digest. Andy furthermore primarily based the community ukmoneybloggers.com.
Dispute in these movies would now not picture regulated financial recommendation. Any presents mentioned were appropriate at the time of filming.