Definitions for "Loan-To-Value Percentage"
The relationship between the unpaid principal balance of the mortgage and the property's appraised value (or sales price if it is lower).
The comparison between the outstanding unpaid principal of the mortgage and the lower of the appraised value, or sales price, of the property.
the size of the mortgage as a percentage of the value of the property. For example, a ?100 000 property with an ?80 000 mortgage has a LTV percentage of 80 percent.