A beneficial speedy services got us 5.5 lender The borrowed funds-to-really worth (LTV) of one’s mortgage is the portion of the price of the house or property that you are credit. Such as for example, a great ?180,000 financial towards a beneficial ?2 hundred,000 assets has an LTV out-of ninety%. Specific lenders often lend from the a top income multiple to own mortgage loans having a lower life expectancy LTV (elizabeth.grams. lower than 85%). Thus basic-day people will often have use of fewer lenders and you may profit as first-time buyers might possibly be to shop for having a tiny put, while other people actually have some equity inside their latest household they can set with the a different sort of possessions.