Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
ANZ did one today for me @ 95% (incl LMI).
With ANZ you'd have to be an existing customer (6 months +, CC will do) to get 95er loans.
Westpac group are a good bet, but will be credit scored v.harshly so the other parameters will need to stack up.
Cheers,
Redom
Slight sidestep off topic. But is 88% still a favourable LVR to get to with all the new hurdles for reducing LMI? Obviously 80% is best to avoid paying LMI altogether, but some Lenders making the new norm 90%, 88% is not too much further to stretch. . .
The 88% comes from the fact that quite a few lenders put you into a different price and assessment category if you capitalise LMI above 90%.
For example, with the CBA you can borrow 90% and capitalise the LMI above that (to roughly 92.3%) with no adverse affects.
With the NAB and many others, you can borrow 90%, but if you add the LMI above this you get higher rates and nastier credit scoring. You probably wouldn't bother. As a result, it tends to work well with these lenders if you borrow 88% + LMI. The total LVR tends to be just below 90%.
There is a bit of a savings benefit to 88% base LVR as well.
I've heard that Liberty Financial offer 95% + capped LMI for investors. Has anybody had any experiences with them?