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