E ffective Saturday 8 May 2010
With the need to evolve and adapt to the current market challenges and a rising interest rate environment, we've undertaken a review of our LVR to ensure we continue to lend responsibly.
In consideration of this, Bankwest are reducing the threshold for offering all products to new customers from 90% to 85% LVR.
We will continue to lend up to 95% for new to bank customers, however all lending over 85% LVR for new customers must be put through on Mortgage Shredder Standard Variable Product only, however for existing customers our lending policies and product offerings remain unchanged, with availability to borrow up to 95% LVR.
Seems a little conflicting there. trying to ascertain if they mean 85 For new folks only ( as for eg wbc).
Suspect its max 85 % for newbies , back soon, and if you want more than 85 % with Bankworst, get your apps in folks
ta
rolf
With the need to evolve and adapt to the current market challenges and a rising interest rate environment, we've undertaken a review of our LVR to ensure we continue to lend responsibly.
In consideration of this, Bankwest are reducing the threshold for offering all products to new customers from 90% to 85% LVR.
We will continue to lend up to 95% for new to bank customers, however all lending over 85% LVR for new customers must be put through on Mortgage Shredder Standard Variable Product only, however for existing customers our lending policies and product offerings remain unchanged, with availability to borrow up to 95% LVR.
Seems a little conflicting there. trying to ascertain if they mean 85 For new folks only ( as for eg wbc).
Suspect its max 85 % for newbies , back soon, and if you want more than 85 % with Bankworst, get your apps in folks
ta
rolf