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lanxi8
@lanxi8
What does an 80% LTV Mortgage mean?
An 80% Loan-to-Value (LTV) mortgage refers to a financial arrangement where you borrow 80% of the total value of the property you intend to purchase https://www.ascotmortgages.co.uk/mortgages/types-of-mortgage/80-ltv-mortgages/ . The remaining 20% is covered by your own funds in the form of a deposit. In essence, this type of mortgage, often termed as a 20% deposit mortgage, allows you to obtain a loan that encompasses the majority of your home's cost, alleviating some of the financial responsibility associated with home buying.
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