Loan to Value (LTV)

By Justin Whitelock

Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)

The percentage of a property’s value that is covered by the mortgage rather than the deposit, a key pricing and risk measure.

Related glossary terms

Contractor Mortgage

A mortgage assessed using contractor income, evaluated through day rate, contract value, or fixed-term contract income rather than conventional criteria.

Foreign National Mortgages in the UK

A foreign national mortgage is a UK mortgage for a borrower who is not a British national, whether the borrower is currently resident in the UK on a visa or settled status, or living outside the UK and buying UK property from abroad. Lenders typically treat these cases as specialist because nationality, country of residence,

Let to Buy

An arrangement where homeowners keep their current home, let it out, and take a new mortgage to buy another property to live in.

Exchange of Contracts

The legal stage where buyer and seller become contractually committed to the purchase, with buyers typically paying an exchange deposit.