Updated: April 13, 2023
LTV Ratio Calculator
Need to work out your loan-to-value ratio? We have a calculator for that and can also match you with a mortgage broker who can help with the next steps.
No impact on your credit score
Author: Pete Mugleston - Mortgage Expert, MD
Updated: April 12, 2023
If you’re applying for a mortgage or a remortgage, you will need to work out your loan-to-value (LTV) ratio at some point, as this will have a bearing on the deals available to you. You can use our LTV calculator below to get a quick indication of what your ratio will be.
LTV Calculator
This calculator will tell you what your loan-to-value (LTV) ratio is, based on the property's value, your deposit/equity and the amount you're borrowing.
Your LTV is
This means that most mortgage providers will consider your deposit amount to be more than satisfactory, but speaking to a broker is still recommended to ensure you get the best deal.
This means you’re likely to meet the deposit requirements at most lenders, but since many reserve their best rates for those with higher deposits, speaking to a broker is recommended.
Many mainstream mortgage providers would consider this high and be reluctant to lend. Applying through a mortgage broker may be necessary to find a specialist low deposit mortgage lender.
LTVs have a direct impact on the rates available to you - speak to a mortgage broker and find out how to get the best deal based on your ratio.
The following topics are covered below...
Why use this calculator?
Using this calculator should be one of the first steps on your journey towards a mortgage or remortgage application. Simply enter your deposit amount and property value into the tool’s input boxes and it will work out your LTV ratio for you, as well as tell you how attractive this percentage will make you to mortgage lenders.
The main benefits of using this calculator are…
- It’s quick, easy and free to use, and you don’t need to enter any personal details
- It’s calculations can give you a firm idea of the rates and deals available to you
- Having your ratio to hand before you apply for a mortgage or remortgage can help you save time
- Knowing what your ratio is can give you an indication of whether there is incentive to save more deposit
Although this calculator can provide you with an accurate picture of your LTV, it’s important that you get additional context to accompany it. Independent advice from a mortgage broker should be your next step, as they will know exactly which lenders offer the best deals to borrowers with your LTV as well as your needs and circumstances.
Get Started with a Broker
Maximise your chance of approval with specialist advice from a mortgage expert
Will the calculations be any different for buy-to-let?
While the loan-to-value ratio will be calculated in exactly the same way for a buy-to-let property, keep in mind that the LTV requirements for lenders in this corner of the market are different.
Minimum deposit requirements for a buy-to-let mortgage are typically between 20% and 25%, which means 75-80% LTV is where creditworthiness starts to kick in.
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How to calculate the LTV on a Shared Ownership mortgage
Our calculator can do this for you, but be sure to enter the value of the share of the property you’re buying, rather than the overall market value. If it’s a remortgage and you’re staircasing, be sure to factor the increased value of your stake into the calculations.
You can find more information and a dedicated calculator for this in our guide to Shared Ownership mortgages.
Why use Online Money Advisor?
After using our calculator tool to work out your LTV, we recommend trying our free mortgage broker-matching service to get some bespoke advice about your calculations.
Whether you’re looking for a mortgage or remortgage, the broker we match you with will make sure you find the best deal based on your LTV, needs and circumstances.
Call 0808 189 0463 or make an enquiry and we’ll set up a free, no-obligation chat between you and the mortgage broker who is best placed to help you get the best rates and deals today.
Ask Us A Question
We know everyone's circumstances are different, that's why we work with mortgage brokers who are experts in all different mortgage subjects. Ask us a question and we'll get the best expert to help.
Pete Mugleston
Mortgage Expert, MD
About the author
Pete, an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. With plenty of people needing help and few mortgage providers lending, Pete found great success in going the extra mile to find mortgages for people whom many others considered lost causes. The experience he gained, coupled with his love of helping people reach their goals, led him to establish Online Mortgage Advisor, with one clear vision – to help as many customers as possible get the right advice, regardless of need or background.
Pete’s presence in the industry as the ‘go-to’ for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Pete also writes for OMA of course!
