In this video you will learn how to easily measure your Loan-To-Value (LTV) ratio for multiple properties.
LTV is one of the key metrics to measure your borrowing potential and to make smart decisions about your buy to let mortgages as time evolves.
Low LTV may improve your odds at getting a better mortgage. Therefore, it is essential to keep track of the LTV ratio. Hammock’s platform will allow you to view the total mortgage balance and current property valuation figures, as well as easily measure your LTV ratio.
An example of how to track your LTV for the whole property portfolio is shown below.
Start by adding your property valuation to your purchase price and mortgage balance.
There are two ways to do it:
Fill out the details when you add your property for the first time, using the Properties tab at the top of the Dashboard.
2. If you have added all the properties to your portfolio already, use the Overview screen to add this information.
The Overview screen will display your Asset Analysis on the right hand side of the page.
In this example, there is only 50% of portfolio data.
By clicking on your portfolio data, a new window will pop up with your ‘Property LTV information’.
Add ‘Property valuation’ (i.e. £250,000), your ‘Purchase price’ (i.e. £220,000) and ‘Mortgage balance’ (i.e. £178,000).
Hit ‘Save’ and you will see the updated LTV figure for the whole portfolio.