LVR changes for new Home/Investment Home loans and Line of Credit (LOC)
From Saturday 20 March 2010 we are
• changing the maximum base Loan to Valuation Ratios (LVRs) for new Investment Home Loans (including Top Ups) and new LOCs; and
• introducing new requirements for existing and new Home/Investment Home Loan/LOC and Top Up customers borrowing for the purpose of 'personal investment'.
The new maximum base LVRs are:
• 90% for new Investment Home Loans (including Top Ups) except where one of the loan purposes is personal investment then the maximum LVR is 80%
• 90% for new Lines of Credit (including Owner Occupied/Investment) except where one of the loan purposes is personal investment then the maximum LVR is 80%.
• 80% for loans where the loan purpose is 'personal investment' (including existing and new Home Loan/Investment Home Loan/LOC/Top Ups.)
From Saturday 20 March 2010 we are
• changing the maximum base Loan to Valuation Ratios (LVRs) for new Investment Home Loans (including Top Ups) and new LOCs; and
• introducing new requirements for existing and new Home/Investment Home Loan/LOC and Top Up customers borrowing for the purpose of 'personal investment'.
The new maximum base LVRs are:
• 90% for new Investment Home Loans (including Top Ups) except where one of the loan purposes is personal investment then the maximum LVR is 80%
• 90% for new Lines of Credit (including Owner Occupied/Investment) except where one of the loan purposes is personal investment then the maximum LVR is 80%.
• 80% for loans where the loan purpose is 'personal investment' (including existing and new Home Loan/Investment Home Loan/LOC/Top Ups.)