Estate Agents UK

  Understanding Loan to Value Ratio Loan to Value (LTV) ratio is a key concept in the mortgage world. It represents the percentage of the property’s value that you are borrowing through a mortgage. For example, if you’re purchasing a home worth £200,000 and have a £20,000 deposit, your mortgage would be £180,000, making your LTV 90%. LTV is a crucial factor for lenders as it helps determine the risk associated with the loan. How to Calculate LTV Ratio To calculate the LTV ratio, divide the amount of the mortgage by the total value of the property and then multiply by 100 to get a percentage. For instance: Property Value:  £250,000 Deposit:  £50,000 Mortgage Amount:  £200,000 The calculation would be: LTV=(200,000250,000)×100=80%\text{LTV} = \left( \frac{200,000}{250,000} \right) \times 100 = 80\%LTV=(250,000200,000​)×100=80% This means the LTV is 80%, indicating that the mortgage covers 80% of the property’s value. Why is LTV Important? LTV is significant for both le...

  Understanding the cost of property valuation in Leeds is crucial for anyone looking to  buy or sell property . This guide covers who charges for valuations, the different types of valuations and their fees, and important information specific to the Leeds property market. We also provide tips on getting your property valued for free and answer common questions about property valuations in Leeds. Who Charges for Valuations? Traditional  estate agents in Leeds  typically offer free valuations with no obligation to list your home with them. However, fees apply when using chartered surveyors or mortgage lenders. Chartered surveyors in Leeds charge from £250, while mortgage lenders add approximately £150 to other fees for their valuation services. What Do Valuations Cost the Estate Agent? Estate agent valuations in Leeds are free, but they incur costs. These include travel expenses, data gathering, and time spent evaluating the property, amounting to about £80-£150. Type...