Mortgage News

LVR rules tweaked

Sunday 29th of December 2013

It has released another consultation paper on the loan-to-value (LVR) restrictions, explaining the terms of its exemption for new builds and clarifying that – in most cases – customers’ non-mortgage debt will not be counted in the LVR of their mortgage.

Since October, banks have had to keep their new lending to borrowers with deposits of less than 20% to no more than 10% of their loan bo...

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