,Calculation on self build

[civic]

Hi..

Just checking LTV calculation for self builds with relation to getting mortgages etc.....

e.g. Site cost 300k, Build cost 300k, Finish Value 1,080,000

240k loan = 80% site cost.... ie 80% LTV...

How is LTV calculated with build cost factored in?.. e.g

540k vs Finish value 1080k = 50% LTV OR
540k vs 600k =90%LTV..

Thanks

 

[niceoneted]

Can you clarify first - did you borrow the 330k for the site and then borrow 240k for the build ie borrowing in total 540k or did you just borrow 240k.

You would have to have it valued on completion by an approved valuer to then calculate the LTV.