True Recall Type In demonstration, recorded 2026-09-08.
Duration: 32.9 seconds; no audio. Automated typing in the real Obsidian plugin.
The deliberately incorrect answer was prepared for this demonstration.

Typed answer:
LTV is the part of the home I pay for myself. If the home is worth £500,000 and I borrow £400,000, my LTV is 20% because I put in the other £100,000.

Actual screen text after AI assessment:
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What is loan-to-value (LTV)? Explain it using a £400,000 mortgage on a £500,000 home.
Not quite
Suggested: Again · Enter

You have the concept reversed! Loan-to-Value (LTV) measures the loan portion from the bank, not your own deposit. In your example, borrowing £400,000 on a £500,000 home means your LTV is 80%, while your 20% deposit covers the rest.

YOU COVERED
Recognised the numbers involved (£500,000 total, £400,000 loan, £100,000 deposit)
MISSING
LTV represents the borrowed amount divided by the property value
The correct LTV calculation is 80%
INCORRECT
Described LTV as the deposit/equity paid by the buyer (20%) instead of the loan portion (80%)
LTV is the mortgage amount divided by the appraised property value, expressed as a percentage. £400,000 ÷ £500,000 × 100 = 80% LTV. Assuming the purchase price equals the valuation, the remaining £100,000 is a 20% deposit, not 20% LTV.
Review #1 · 0 lapses
FSRS: Default
Again
30m
Hard
45m
Good
44d (+1)
FSRS 43d
Easy
50d (+2)
FSRS 48d
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Type in · On