Glossary Index

Mortgage terminology can be tricky to understand. Our mortgage glossary explains key terms and acronym’s that Pepper Money and other lenders use.

Loan To Value (LTV)

A percentage that shows the value of the mortgage compared to the value of the property. For example, if a property value is £100,000 and you have a £20,000 deposit, you’ll need to borrow £80,000, and your LTV will be 80%.