Mortgage top-ups made easy...
Loan to Value (LTV) means the proportion of your house for which you have a loan outstanding for.
Example: Your current Mortgage is €200,000 and your house is worth €500,000. Therefore, you have €300,000 equity in your home and the LTV is 40%.
When assessing risk, lenders like to see LTVs that are as low as possible. As an existing homeowner you may have a low LTV on your property. This could allow you to top up your mortgage. Referring back to the example above, if you released equity of €100,000 your LTV would still remain quite low at 60%.
As a rule, lenders are happy to allow you to top up/release equity but you must also of course be able to show a capacity to repay the loan. We would be happy to guide you through the process.
