This is the ratio of the loan amount to
the property valuation expressed as a percentage. E.g. if a borrower taking out
£40,000 on a property worth £100,000 then the loan to value would be 40% if they
were borrowing £60,00 on the same property then the \loan to value would be 60%.
Most lenders are happy to lend 75% loan to value, over that amount lenders
tighten up their criteria as they feel they are taking a bigger risk should they
have to repossess the property in the future there is more of a risk of losing
money on the loan secured on it.