DSGVO, ISO27001, Höchste Sicherheitsstufe. Cloud Services | Managin Calculating your loan-to-value ratio Your loan-to-value ratio (LTV) is another way of expressing how much you still owe on your current mortgage. Here's the basic loan-to-value ratio formula: Current loan balance ÷ Current appraised value = LTV Whether you're wondering if you have enough equity to qualify for the best rates, or you're concerned that you're too far upside-down to refinance under the Home Affordable Refinancing Program, the..

How to Calculate LTV Ratio The LTV ratio is calculated by lenders using the below-given formula: LTV Ratio (%) = Amount Borrowed/Property Value X 100 For example, if you wish to buy a house worth Rs.1 crore and the LTV ratio of your bank is 70%, then the maximum amount of loan that you can avail is Rs.70 lakh **How** **to** **Calculate** **Loan** **to** Value **Ratio** . To **calculate** the **LTV**, start with either the selling price or the appraised value of the property. Determine the down payment you have available, then subtract that from the selling price to find the mortgage amount you need. The **loan**-**to**-value **ratio** is the mortgage divided by the lower of the selling price. A loan-to-value (LTV) ratio is a financial term used by lenders to describe the ratio between the value of your home loan and the home's value, and represent the first mortgage line as a percentage of the total appraised value of your home. To calculate your LTV, divide your loan amount by the home's appraised value or purchase price ** Divide the amount of the loan by the appraised value of the asset securing the loan to arrive at the LTV ratio**. 3 As an example, assume you want to buy a home with a fair market value of $100,000. You have $20,000 available for a down payment, so you'll need to borrow $80,000

Loan to value is the ratio of the amount of the mortgage lien divided by the appraisal value of a property. If you put 20% down on a $200,000 home that $40,000 payment would mean the home still has $160,000 of debt against it, giving it a LTV of 80%. LTV is the reciproca You can use this Loan to Value Calculator to calculate the loan-to-value (LTV) and cumulative loan-to-value (CLTV) ratios for your property. To calculate your LTV rate, simply: Choose the right currency (if needed) Input an estimate of your property valu Loan to value ratio (LTV) is a concept that describes the relationship between a loan and the value of an asset purchased with the loan. It is mostly used by lenders to gauge their risk on loans. The higher the loan to value ratio, the riskier the loan for the lender

- The loan-to-value (LTV) ratio is the percentage of your home's appraised value (or purchase price if it is lower) that you are borrowing. To calculate your LTV ratio, take your mortgage amount and divide it by the purchase price or appraised value of the home, whichever is lower. Then multiply by 100 to turn the ratio into a percentage
- To calculate the LTV ratio, divide the loan amount or loan balance by the property's appraised value
- For example, if your home is worth $300,000 and you owe $90,000 on it, divide the balance by the appraised value: 90,000/300,000=.3, or a 30% LTV ratio. With a HELOC, your lender will look at a combined-loan-to-value ratio (CLTV), where they add the amount you want to borrow with how much you owe
- How to Calculate LTV In order to calculate your loan-to-value, all you need to do is to find the total amount borrowed against an asset. Then, divide that total by the appraised value of the..
- An LTV ratio is calculated by dividing the amount borrowed by the appraised value of the property, expressed as a percentage. For example, if you buy a home appraised at $100,000 for its appraised..
- What is a primary driver of your interest rates on a loan? It's your Loan to Value, or LTV. A commonly used term in lending, LTV or Loan to Value, is describ..
- How to calculate LTV - loan to value You don't need a loan to value calculator to work out your LTV. Simply divide the amount you are looking to borrow by the total value of the property you are looking to purchase and you will get your LTV

Calculating LTV ratio Divide the amount of the loan by the total value of the property. For example: If you're making an offer on a home that's been appraised at $300,000, and you're putting.. The LTV ceiling depends on the quantum of loan sought and is divided into slabs. The RBI has allowed up to 90 per cent LTV, if the loan is up to Rs 30 lakhs. The LTV for loans between Rs 30 lakhs and Rs 75 lakhs, is 80 per cent. For loans higher than Rs 75 lakhs, you can get a maximum LTV of 75 per cent Loan amount: $350,000 Loan-to-value ratio (LTV): 70%. In the above example, we would divide $350,000 by $500,000 to come up with a loan-to-value ratio of 70%. Using a basic household calculator, not a so-called LTV calculator, simply enter in 350,000, then hit the divide symbol, then enter 500,000 ** The loan-to-value ratio, or LTV ratio, is the amount that you are allowed to borrow to finance your home**. For instance, an LTV ratio of 90% means that you can borrow up to 90% of your property value (or purchase price, whichever is lower). LTV ratios are implemented as a safeguard against over-leveraging by borrowers

- How to calculate Loan-to-Value (LTV) To calculate LTV, you would divide the mortgage amount over the property value. If you are purchasing a home, the property value would be the purchasing price of the home, while the mortgage amount would be the purchasing price subtracted by the amount of your down payment
- As mentioned above, the loan-to-value ratio formula is the loan amount divided by the asset value. For example, let's say you're buying a home that's worth $500,000 and need to take out a loan of $400,000 to finance the purchase. In this case, your loan amount is $400,000 and the value of the asset is $500,000
- Loan-to-Value ratio (LTV) is the ratio between the total amount of a property's mortgage financing and the property's appraised value or selling price, whichever is less. It is expressed as a percentage. If the selling price is indeed less than the appraised value, the lender will base the LTV on the selling price
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- Your loan-to-value ratio is the correlation between the amount left on your mortgage and the value of your home. For example, if your LTV ratio is 80%, you own 20% of your home, financially speaking
- e the terms, APR and other factors of the loan. The LTV is the ratio of how much you owe on your current home loan, divided by the value of your home. So, if your home is worth $100,000 and your current home loan is $80,000, the LTV is $80,000 divided by $100,000, which is 80%
- Using a loan-to-value calculator, applicants can get an approximate idea about the maximum value of the credit they can avail against the property. Such loans can be used to fund any expenses, related to personal or business requirements, as it has no associated end-use restrictions

Loan-to-value (LTV) is the ratio of mortgage to property value, expressed as a percentage. For example, if you're buying a £100,000 property with a £10,000 (10%) deposit, you'll need a 90% LTV mortgage. You can find out what LTV you need by inputting your deposit (or equity if you're remortgaging) and property value in the calculator below How to calculate your loan-to-value ratio You can find your LTV ratio by dividing the amount you'll need to borrow to purchase a property by the property's value. For example, if you buy a property for $500,000 and need a loan amount of $400,000 to purchase it, your LTV will be 0.80, or 80% when expressed as a percentage How to Calculate Loan to Value Ratio . To calculate the LTV, start with either the selling price or the appraised value of the property. Determine the down payment you have available, then subtract that from the selling price to find the mortgage amount you need. The loan-to-value ratio is the mortgage divided by the lower of the selling price. Mortgage Amount divided by Appraised Value of Property = Loan-to-Value Ratio *On a purchase transaction for a residential property, the LTV is calculated using the lesser of either the purchase price or appraised value. For Example: Sally qualifies for a 96.5% Loan-to-Value FHA program, which means she'll have to bring in 3.5% as a down payment

- ing factor into mortgage financing, it is used as well to establish if a borrower must pay private mortgage insurance. LTV Requirements: With a VA loan, a borrower is able to receive 100 percent financing of the loan to value ratio, meaning a loan can be taken out for the entire value of the property
- Lenders use a borrower's
**loan**-**to**-value**ratio**(**LTV**)**to**measure their risk of default by the borrower, figuring that homeowners with a bigger financial stake are less likely to stop making payments - A key value that is calculated during the process of the sale of a home is the loan-to-value (LTV) ratio. The questions on this quiz/worksheet combo will test your knowledge of the factors that.

To calculate a loan to value ratio, lending institutions also check the following factors: Credit score - A healthy credit score, preferably above 750, invites a high loan to value ratio and vice versa. FOIR - A fixed income-to-obligation ratio within the range of 40% - 50% is conducive to a higher LTV ratio.; Work experience - A prolonged work experience will attract a more significant. The threshold for the housing expense ratio set by lenders for mortgage loan approvals is typically equal to 28%. 3. Loan-to-Value Ratio. The Loan-to-Value ratio (LTV) is a lending ratio used by financial institutions in assessing the lending risk before approving a mortgage for property purchase

Lenders usually cap the maximum housing ratio that they are willing to lend up to. Some lenders limit loans with a maximum housing ratio of 28%, while others may allow higher with greater credit requirements such as higher credit score or lower LTV. Housing ratio is not used in isolation The housing expense ratio is mainly used in mortgage loans Mortgage A mortgage is a loan - provided by a mortgage lender or a bank - that enables an individual to purchase a home. While it's possible to take out loans to cover the entire cost of a home, it's more common to secure a loan for about 80% of the home's value. Now by following the simple formula, we will calculate the loan to value ratio (LTV). LTV = Mortgage Amount / Appraised Value of Property. For Bank A, LTV would be = (300,000/400,000) = 75%

The LTV stands for loan to value ratio, and it's a method used for assessing the risk involved with a mortgage before its approval. It's a common ratio used by lenders and financial institutes to figure out whether the risk involved with a mortgage is high or low The Loan to Value Ratio. So what is the loan to value ratio and why is it so important? The LTV is a statistic contrasting the value of your loan to the value of your home. If you must obtain, for instance, a loan for the amount of $50,000 and the cost of your new home is $150,000, your LTV would be 1/3 or 33%

How To Calculate LTV? Calculating the LTV ratio is easy. You only have to divide the amount of the loan by the appraised car or property value. Here's the formula: Loan Amount/Asset Price = Loan To Value (LTV) Ratio. For example, you want to buy a property at a fair market price of $200,000 Refinance: Homeowners can calculate their current loan-to-value by dividing the amount they currently owe on the loan by the appraised market value of the home. Example: If I currently owe $150,000 on my mortgage, and the appraiser says my home is worth $180,000, then my LTV ratio would come out to 83% (150,000 / 180,000 = 0.83)

To calculate your LTV, divide the borrowed amount by the purchase price of the home or appraised value of the home. The loan-to-value ratio would be expressed as a percentage. For example, if you take out a loan of $190,000 to purchase a home for $200,000, then your LTV would be $190,000/$200,000 or 95% Answer: An institution should calculate the LTV ratio at the time of loan origination and re-calculate the ratio whenever collateral is released or substituted. If the LTV ratio is in excess of the supervisory LTV limits, the institution should comply with the lending guidelines for high LTV loans. 6 How to calculate your Loan-to-Value Ratio. The Loan-to-Value Ratio is calculated by dividing the loan amount by the purchase price or valuation of the property you're buying, expressed as a percentage. For example, let's say that you'd like to borrow $450 000 and the property price is $600 000

Loan to Value Ratio Definition. The Loan to Value Ratio Calculator is a financial calculator that will instantly calculate the loan to value (LTV) ratio of any property if you enter in the mortgage amount and the property value. The loan to value calculation is an important financial calculation that is done by homeowners and lenders to determine if the homeowners has enough equity in their. To find the loan-to-value ratio, you divide how much you owe on the home by its appraised value, he said. The resulting percentage is your LTV. For example, if you buy a home worth $200,000 using a 10% down payment, you'll end up borrowing $180,000 so your LTV is 90% As a result, your loan-to-value ratio can affect whether you get a mortgage and how much you pay for it. How to calculate loan-to-value ratio. When we calculate LTV, we use the appraised value of the home to estimate the home's value. The appraised value is not always the same as its purchase price, which is important to understand when you are. ** Understanding different loan to value ratios **. The Loan to Value ratio (LVR) is the amount of your loan compared to the value of your property. First home buyers Deposit of 20% or more. If you want to buy your first home as an owner-occupier, and have a deposit of at least 20%, i.e. an LVR of 80% or less, there will be no impact on your home.

- Here is the definition of loan-to-value ratio as it pertains to commercial loans: The loan-to-value ratio is the first mortgage balance divided by value of the commercial property, all multiplied by 100%. It is customary in commercial real estate finance to calculate the loan-to-value ratio to one digit to the right of the decimal point; e.g.
- While most 1st time home buyers want to obtain a loan to value ratio of 80%, property investors usually opt for a ratio of 50% to 60%. For a $500,000 property, a buyer requesting LTV 80% can totally discard a housing loan offer with a loan to value ratio of 70% because a 10% difference means that the buyer has to cough up an additional $50,000.
- d when you decide to buy a residential property with the help of a home loan. One of these is the Loan-to-Value Ratio, or LTV.This will deter

The total loan-to-value (LTV) ratio is calculated by dividing an outstanding (or potential) property loan amount by the appraised value of the property. Lenders use this LTV ratio to calculate their risk in lending money to borrowers. The higher their LTV, the riskier making a loan will be * The loan to value ratio (LTV ratio or just LTV) is a ratio that lenders use to assess relative risk of borrower's potential default on a mortgage loan*. The higher the LTV, the higher the risk for the lender because there is a higher loan balance compared to the home value

Now that you know how to calculate your loan-to-value and combined loan-to-value ratios and how you can impact them, you can make more informed choices to help you reach your financial goals, whether you choose to borrow from the equity in your home, refinance or simply continue to pay down any current home loan balances Needless to say that the higher the LTV ratio is, the higher the monthly cost of your insurance will be. For instance let's assume that your home value is $300,000 and the loan amount borrowed is $250,000. That means the LTV ratio is 0.83 (83%) which is equivalent of a down payment of $50,000. Step 3: establish the term to pay off your debt LVR Loan to value ratio, or LVR, is the amount of money you are borrowing to buy a home relative to the size of your deposit. Calculating your LVR is crucial to finding the right home loan What is Loan-to-Value (LTV)? Definition: The loan to value ratio (LTV) is a risk assessment measurement that calculates the loan amount as a percentage of the appraised value of the collateral. In other words, it's a tool used to compare the purposed loan amount with the value of the property being purchased in order to evaluate the risk of the loan becoming underwater or upside-down LTV for Home Loans. Housing loans are essential financing tools for many homeowners. The Loan-to-Value (LTV) ratio is most often used to measure the size of a housing loan before it is approved. For example, the total amount that home loan applicants are able to receive is limited based on LTV limits on home loans

** Loan-to-value ratios are usually expressed as a percentage, so multiply this number by 100 to get your LTV ratio of 56%**. How to Tell If You Qualify for a Home Equity Loan or HELOC. Both home equity loans and home equity lines of credit are a source of affordable financing based on your property's assessed value. To qualify for either type of. The LVR or loan to value ratio is basically the amount you borrow. It represents the value of a property (used as security) in the form of a percentage. LVR. To calculate the loan-to-value ratio, you divide the loan amount into what the property is worth. For example, a $110,000 loan on a $145,000 property represents a 75.9 percent LTV ratio

The bank's LTV ratio will decide the down-payment that the buyer will have to arrange for the purchase. LTV ratio calculation formula. Expressed in terms of percentage, the LTV ratio is arrived at, by dividing the loan amount to the value of the property. Financial institutions use the below-mentioned formula to calculate the LTV ratio How to Calculate Your LTV. Want to know how to calculate a loan-to-value ratio? It is actually pretty straightforward equation! Mortgage Value ÷ Appraised Value = LTV Ratio. LTV Example 1: If you apply for a $90,000 mortgage to purchase a home appraised at $100,000, your loan-to-value ratio is 90 percent. $90,000 / $100,000 = 90

If you want to calculate the potential LTV for a vehicle, you only need two numbers: the amount you wish to borrow and the actual value of the car you want to purchase. Dividing the loan amount over the worth then multiplying by one-hundred will give you your LTV percentage. Lenders will calculate the LTV ratio in the same way He has $30,000 available with himself so as to make the down payment. He will be required to avail a loan of remaining $70,000 to finance the loan. Solution: Loan to Value Ratio is calculated using the formula given below. Loan to Value Ratio = Loan Value / Mortgage Value. Loan to Value Ratio = 7,00,000 / 1,00,000; Loan to Value Ratio = 0. * A loan to value ratio, or LTV, is simply the ratio of a loan amount to the market value of the asset to be purchased with the loan*. LTV is a measure of risk. It describes how much of a loan is backed up by real world value Calculate your home's loan-to-value ratio using our free tool For information regarding your 2021 Economic Impact Payment, please visit the IRS.gov website. You can also use Online and Mobile Banking to check the status of any incoming deposits into your accounts, or to set up alerts for when a deposit is made

The formula that a loan to value ratio calculator uses to compute your loan's LTV ratio is: LTV= Principal amount/ Market value of your property. So, if the loan amount is Rs.50 lakh and the property's worth after valuation is Rs.1 crore, The maximum LTV= Rs.50 lakh/ Rs.1 crore= 50% CLTV: Cumulative Loan To Value Ratio. CLTV stands for cumulative, or combined, loan to value ratio.This ratio is meant to determine the combined value of all debt on a piece of commercial real estate relative to the total property value 1. Outstanding home loans. If you have one outstanding home loan, the LTV of your second home loan is capped at 45%. Of the remaining 55% downpayment, half must be paid in cash, and the remainder can be paid in cash or via your CPF OA funds. If you already have two outstanding home loans, and want to take a third, the LTV ratio is capped at 35% Lenders each have their own limits on the maximum loan to value ratio a home buyer can have. Some have a maximum LVR of 90%. This means you need at least a 10% deposit to be eligible for a home loan. Others have a maximum loan to value ratio of 95%, meaning you could secure a home loan with as little as a 5% deposit. 2

What is Loan To Value Ratios for Car Loans. The loan to value ratio for a car loan is similar to a mortgage on a house. LTV ratio is ratio of your auto loan to the market value of your car, and it is expressed as a percentage. For example, if you are taking out a $20,000 loan to buy a $25,000 car, your LTV ratio will be 80% In a notification, RBI allowed a loan-to-value ratio (LTV) of up to 90% for home loans of ₹ 30 lakh or less. Earlier, 90% LTV was allowed only for loans up to ₹ 20 lakh.. LTV denotes how much. Lenders look at the loan-to-value ratio to determine how much more debt you can comfortably afford to take on when you apply for a home equity loan. How to calculate a loan-to-value ratio. For example, let's say your home is valued at $150,000. To buy it, you put down $10,000 and take out a mortgage for $140,000. To calculate your loan-to-value. How To Calculate LTV. Loan-to-value ratios are easy to calculate: just divide the loan amount by the most current appraised value of the property. For example, if a lender grants you a $180,000 loan on a home that's appraised at $200,000, you'll divide $180,000 over $200,000 to get your LTV of 90% The gold standard Loan to Value ratio that the banks and major lenders have generally agreed upon for mortgage loans is Seventy-Five to Eighty percent loan to value. Some banks (A lenders) may lend up to Ninety, Ninety-Five (90% LTV or 95% LTV)

As we have explained a 90% LTV (loan to value ratio) is the same as a 10% deposit. Here are some other phrases or terms which you may encounter: Entry level loan to value mortgages: This means that the mortgage lender offers mortgages that cover up to 95% of the property price So, stick on the loan to value ratio calculation using our simple ltv calculator to get your ltv ratio. The Formula For Calculating LTV Differs: Keep in mind, the formula to calculating ltv differs depending on whether you're dealing with a new mortgage or home finance LTV: Loan To Value Ratio. LTV stands for loan-to-value ratio. This ratio is used in commercial mortgage finance and multifamily property financing to determine the ratio of a particular debt (perhaps a first mortgage) relative to the value of the collateral (in this case a multifamily or other commercial property) One version of a common question about down payments and Loan-To-Value (LTV) ratios goes like this: Is the LTV calculated on the total loan amount (base loan+MIP), or the base loan amount only? The FHA loan rules found in HUD 4155.1 do address how LTV is calculated. In Chapter Two Section A, we find the following instructions to the lender

The first step of getting a home equity loan is to calculate your available home equity. To do this, subtract your outstanding mortgage balance from your home's value. If your home is worth $300,000, for example, and you owe $150,000 on your mortgage, you have $150,000 in available equity. Your LTV ratio typically can't exceed 85% Calculating loan to value ratio is a simple mathematical formula: (Amount Borrowed / Your home's Value = LTV) I.E. ($200,000/ $300,000 = 67% LTV) Now that you know how to calculate your home's LTV, let's define loan to value, because it's a meaningless number without context The Loan to Value Ratio (LVR) of your loan is the percentage of the property value that you're borrowing. Lenders use the LVR to assess your home loan application, as it indicates the likelihood that they will lose money in the event that you can't repay your loan

The Loan-to-Value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of the collateral. Otherwise said, the measurement of the balance of the loan relative to the value of the collateral asset is represented as Loan-to-Value (LTV) FHA loan - Generally, an LTV ratio of 96.5 percent will suffice for securing an FHA loan. Keep in mind that the minimum 3.5 percent down payment requirement for FHA loans means you'll need to pay. Calculate Loan To Value (LTV) and Combined Loan To Value (CLTV) for your loan. Debt to Income and Housing Ratio Calculator . Home Equity Calculator . Loan To Value Connect with us papers & documents required for Home Loan Mortgage and much more. Documents To calculate the LTV, divide your current loan balance by your home's appraised value. You will get a decimal figure, which you should then convert into a percentage. For example, if your current loan balance is $200,000 and your home is valued at $250,000, your LTV would be .80 (80%). Combined Loan to Value Ratio

5 Factors Surrounding Loan To Value Limits In Singapore 1. Number Of Housing Loans You Hold. If you have an outstanding loan, the Loan to Value ratio (LTV) of your 2nd property loan is capped at 45 percent. Of the remaining 55 percent, you must pay half of it in cash, and the rest in cash or from your CPF-OA LTV is the amount of the loan divided by the value of the home and converted to a percentage to show the ratio. A combined loan-to-value ratio, or CLTV, is used when you want to take out a second mortgage on your home If you plan on using mortgage financing to buy your next home you've likely heard the phrase loan-to-value or the acronym LTV before. Let's take a quick look at the loan-to-value ratio including why it's important, how to calculate it and how it can affect your mortgage You can also get starting removing PMI by proving to your bank that your home has appreciated enough to bring your LTV (Loan to Value) ratio down to 80%. In the same example as above, if your $100,000 house appreciates to $120,000 then your $90,000 mortgage is less than 80% of the home value

The loan to value (LTV) is basically the size of the loan which a lender is willing to offer in relation to the value of the property it buys or redeems. It's expressed as a percentage. For example, if a lender offers a mortgage deal with a maximum 80 percent LTV, that means they will give you up to 80 percent of the property value Loan-to-value (LTV) ratio is a measure commercial real estate lenders use to determine the risk they might be taking on, with a secured loan. This ratio determines the relation between the loan amount and the asset's market value used as collateral, maybe property or real estate Loan-to-value (LTV) is the ratio between the value of your loan and the value of your home. To determine your LTV, your lender will divide your loan amount by the lesser of the home's appraised value or purchase price. For example, if your loan balance is $80,000 and your home is valued at $100,000, then [ The loan to value ratio is a ratio used by financial institutions and lenders for assessing the lending risk before approving a mortgage. The loan assessments with high LTV ratios are considered high-risk loans. On the approval of high-risk mortgages, the applicant is charged with a higher interest rate

Loan to value ratio or LTV, is a measure of how much money you will be borrowing against the value of the property being put forward as collateral to the lender. Or from the lender's perspective, it is a measure of the maximum % amount of mortgage they will consider lending you on any given mortgage product To calculate your LTV, follow the simple steps in the LTV calculator. Enter the estimated value of the home you are interested in, your requested loan amount, and the type of mortgage you want in the three text fields below, then click the button 'Calculate Your Loan-To-Value Ratio'. The calculator will give you an instant result How to Calculate LTV Ratio. Calculating LTV is fairly simple. To calculate your LTV ratio, divide the loan amount by the total value of the underlying asset. This decimal number is then converted into a percentage. Note that the Asset Value can be based on an appraised value or value from another source. LTV = Loan Amount / Asset Valu Before a lender loans money or approves a refinance, several numbers are crunched to assess and evaluate the risk involved. One of the numbers is the loan-to-value ratio (LTV). To calculate the LTV ratio, divide the amount of your mortgage by the appraised value of your property

In calculating your maximum home loan amount, banks will take into account the ratio of your debt to your income. This is called the Total Debt Servicing Ratio (TDSR) and this ratio is capped at 60% of all borrowers' gross monthly income. If you are purchasing a HDB flat, banks also have to calculate your Mortgage Servicing Ratio (MSR) The riskier the lending, the higher the weightage. The percentage was earlier decided by two factors: the size of the loan and the loan-to-value (LTV) ratio. The LTV in a home loan is the percentage the of the property cost the bank will finance while the rest needs to be financed by the buyer. After today's decision, for home loans, the risk. For home-buyers taking mortgage loans with property values going beyond the existing caps, an additional 15% premium will be charged. Under the new measure, if you cannot pass the stress test, you will still be eligible for MIP loans up to 80% or 90% LTV ratio, subject to an additional adjustment to the premium based on relevant risk factors