Reserve Bank eases LVR restrictions

House keys small

Posted 3 years ago by Pope & Co. Mortgages

The Reserve Bank has announced it's easing the LVR (loan to value ratio) restrictions, which is good news for low deposit borrowers and investors. This will take effect from January 1, 2019.

The change means for owner occupier lending over 80% LVR the restriction moves from 15% of all banks lending to 20%. For investors the LVR limit changes from 65% to 70%.

With mortgage credit growth and house price inflation easing, the Reserve Bank saw the need to ease the restrictions.

Hey, it seems you"re using a browser that is a little past its time and our website might not be able to perform as it should. If you’d like to have the best experience on our website, you can easily find out about updating your browser here

dismiss this message