Hi All,
I have noted all the talk about lenders winding back the LVRs they are prepared to lend to. But when you look at the Loan Comparison websites alot of the lenders, non bank lenders in particular, are still listed with high LVRs available. Perhaps they just haven't updated these websites?
Either way, if you wanted to get a loan at a high LVR (95-97%) where would people be looking now? If not with one of the main stream lenders do any of the others (Credit Unions or otherwise) offer reasonable alternatives? Are there any major disadvantages of borrowing from the smaller lenders?
Thanks,
MF35
I have noted all the talk about lenders winding back the LVRs they are prepared to lend to. But when you look at the Loan Comparison websites alot of the lenders, non bank lenders in particular, are still listed with high LVRs available. Perhaps they just haven't updated these websites?
Either way, if you wanted to get a loan at a high LVR (95-97%) where would people be looking now? If not with one of the main stream lenders do any of the others (Credit Unions or otherwise) offer reasonable alternatives? Are there any major disadvantages of borrowing from the smaller lenders?
Thanks,
MF35