OMV

« Back to Glossary Index

What Does OMV Mean In Property Finance?

OMV is an abbreviation often used in property finance, the acronym stands for “Open Market Value“.

The term OMV is often used when referring to the value of a property for BTL Mortgages and Bridging Loans.

The purchase price and Open Market Value (OMV) may not be the same. For a variety of reasons, a vendor may sell a property at below market value.

Most lenders will only lend against the purchase price.

However some Bridging Loan lenders might lend against the Open Market Value, rather than the purchase price.

Click here to find our more about our full range of Property Finance & Mortgage options.

Apply For a Bridging Loan or BTL Mortgage

Fill in the form below and we will be in touch straight away.

Quick Contact

By clicking "SUBMIT", I agree to Bolton Business Finance Terms and Conditions and Privacy Policy.

« Back to Glossary Index