Ltv mortgage meaning: what is an ltv mortgage?
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The higher your LTV, the higher risk the agreement is for the lender. This is because the less equity you have on your home, the more likely you are to default on your mortgage. If you are
unable to meet your repayments, miss payments, or decide to stop making payments, your home could be sold as a result. This would mean the lender loses money, and that’s why the lender will
thoroughly look through your details to see if you see the criteria. At present, many lenders are still not lending to anyone on furlough.