When you talk about a mortgage, another term is used constantly; a loan to value of LTV. More simply, LTV is the amount that you have borrowed from the bank or lender to buy your house (it is the loan) compared with the mortgage lender’s valuation of the property in their regard.
First Time Homebuyers
You have to make sure that you save up to 5% for the house deposit. For that, you have to know how much savings you have based on your income.
2. Set a reasonable price for it.
You will have to talk to one of our mortgage advisors, who will recommend a specific type of mortgage that meets your needs and our lending criteria.