
TMM - News
ASB drops low-equity fee
Tuesday 16th of February 2016
ASB - and Sovereign - has announced it will add a margin on any lending over 80% LVR.
For borrowers between 80% and 8%, the low-equity margin will be 0.3% per year. Between 85% and 90%, it will be 0.75%. Between 90% and 95%, it will be 1.3% and over 95% it will be 1.5%.
ASB said in a note to brokers: “The new low-equity margins reflect the costs associated with high-LVR lending. T...
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