OpenLegislation

Division (10) The creditor shall indicate, where applicable, either:

United Kingdom

Original text. Later amendments are not shown.

  1. a))

    ‘maximum available loan amount relative to the value of the property’, indicating the loan-to-value ratio. This ratio is to be accompanied by an example in absolute terms of the maximum amount that can be borrowed for a given property value; or

  2. b))

    the ‘minimum value of the property required by the creditor to lend the illustrated amount’.