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Financial Services > Mortgages > Mortgage Trends > Loan to Value Trends for First Time Buyers in 2006-07

Average UK Loan to Value Trends for First Time Buyers in 2006-07

The average loan to value for first time buyers in 2006-07 is shown below, broken down by UK postcode. Loan to value (LTV) is the ratio of mortgage loan to the property value given to the borrower as a percentage. As first time buyers typically have less cash up front to act as a deposit, the loan to value percentage is often quite high.

For more information about loan to value, view our mortgage glossary.

Key (%)
  <80   80-81   81-82   82-83   83-84   84-85
  85-86   86-87   87-88   88-89   89-90   90-91
  91-92   92-93   93-94   94-95   >95  

Average Loan to Value Highlights

  • The average loan to value ratio fell from 92% in 2006 to 91.9% in 2007, a decrease of 0.11%
  • West Yorkshire and North Yorkshire both saw a slightly above average increase in average LTV at 1.9% and 1.65% over 2006-2007.
  • The average LTV remained the same in Edinburgh , at 93% both years running, with Glasgow experiencing a decrease of 1.0%.
  • Greater Manchester witnessed a greater than average decrease in average LTV at 1.6% over 2006-2007, with Lancashire seeing a decrease of 0.2%. Merseyside saw a decrease in average LTV of 2%.
  • Greater London saw a below average decrease in average LTV of 5% between 2006 and 2007 (from an LTV of 91.9% in 2006 to an LTV of 87.2% in 2007), with Birmingham seeing a below average decrease of 3% from 94% in 2006 to 91% in 2007.

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