Affordable Housing LTV for Mortgage

[browser]

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

 

[colsku]

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...