Loan To Value

Apologies if this topic has been covered before. I'm unsure about Loan To Value (LTV). First of all, does it only apply to Investment Mortgages and business loans, if so the remainder of this question is void.

I am selling my house and moving on to another property, thankfully I have made a few euro and will only require a mortgage for half the value of the new property. Will the fact that the LTV ratio is approx 50% mean that I could be entitled to a better rate?

Yes, a number of lenders - Ulster Bank, AIB, NIB, ICS and Bank of Scotland all offer better tracker homeloan rates for loans of less than 60% of the property value.

Sarah

www.rea.ie

Thanks Sarah,

So I am right in saying that this can apply to your sole primary residence and does not have to be a secondary or investment mortgage?

Yes. Some lenders also offer better rates on lower LTV's on investment properties but all the above are on homeloans.

Sarah

www.rea.ie