The share of the property's value covered by the loan.
LTV = Préstamo ÷ Valor
What each letter means
- P: Loan amount
- V: Property value
An example
With P = €200,000, V = €250,000: Loan-to-value = 80%.
The share of the property's value covered by the loan.
With P = €200,000, V = €250,000: Loan-to-value = 80%.