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Do most lenders lend up to 90% LVR for land & construction loans? I read some internet articles saying most lenders lend up to 65%-70% of the land value.

Hi All, For a new home build (NSW), do you recommend getting the land & construction loan (90% lend, $800k purchase price) together? Or separately? From some calculations, it looks cheaper in terms of LMI to separate these loans (i.e. two lots of $360k loans, instead of a big $720k loan)...