In the occasion it’s likely you’ll be getting your first mortgage or remortgaging, don’t underestimate the importance of Loan-to-Price, or LTV.
Transferring between the rather about a tiers (articulate from a 95% mortgage to a 90%, the overall arrangement correct down to 60%) can set you a huge amount of cash in monthly mortgage funds and lower how extraordinary hobby you pay over the lifetime of the loan – optimistically saving you hundreds of pounds.
On this video I’ve explained what Loan-to-Price is, shown easy suggestions to calculate it AND area out the factors that will lower the p.c you owe vs what you internet in fairness.
W A T C H N E X T
Would possibly perchance well perchance also light you overpay your mortgage?
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R E A D M O R E
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A B O U T A N D Y
Andy Webb is a money blogger and journalist. He runs the award-winning internet arrangement Be Provocative With Your Money, hosts the Money Chats podcast, introduced Channel 5’s Store Smooth Build Money and writes every month for Reader’s Digest. Andy furthermore based the group ukmoneybloggers.com.
DISCLAIMER
Mutter in these movies would no longer constitute regulated monetary recommendation. Any affords mentioned were factual at the time of filming.
