Affordable Housing LTV for Mortgage

Hi,

Does anyone know how the Loan to Value works on affordable housing when it comes to mortgage rates i.e. say you are buying an affordable house for €150k but the real value is €250k and you want to get the max off a lender, (which as far as i know is 97%) so you borrow €145,500.

When you go for a tracker based on your LTV is it taken as 97% or 58% (€145,500 as a percentage of €250,000).


Thanks,
Browser

I'd be interested to know this too!

I presume the LTV will be the value of the apartment which you own. eg 70% of current market value until year 21 onwards...