Loan-to-value (LTV)
The amount borrowed secured against a property expressed as a percentage of the property’s value.
Also known as: LTV
Related terms
-
Interest
The cost of borrowing money, usually calculated as a percentage of the amount outstanding over time.
-
Loan agreement
The contract setting out the terms of a loan, including amount, repayment, interest, security, covenants and default rights.
-
Business loan
Money lent for business purposes under agreed repayment, interest, security and other terms.
What’s your next step?
Get in touch with us at Bell & Company today to see how we can help