What Does CMV Mean In Property Finance?

The abbreviation ‘CMV’ is usually a acronym used in property finance and stands for ‘Current Market Value’. It is often used in Bridging Finance and other types of property finance like mortgages.

Why Current Market Value Matters When You Are Borrowing

Current market value is a today figure, and it is rarely the only one on the valuation. On a bridging or development case the lender will usually also want a 180 day value, and on a trading property such as a pub or care home a vacant possession value as well. The advance is sized on the lowest relevant figure rather than on the headline current market value.

Current market value is also not the same as the price you are paying. If you buy below market value, most lenders will still lend against the purchase price, and only a smaller group of bridging lenders will lend against the market value instead. That distinction is the whole basis of a below market value purchase, and it is worth confirming before you commit.

See our bridging loan broker page for how lenders size an advance, or our commercial mortgage broker page for loan to value by property type.

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