Property - Current Lending Restrictions

In 2016 the reserve bank introduced new loan LVR (loan to value ratio) restrictions.

In summary this means that:

For an owner-occupier residential property the LVR is set at 80% -
this means a 20% deposit will be required (with maximum 80% borrowing).

For residential property investors the LVR is set at 60% - meaning a 40% deposit will be required (maximum 60% borrowing and is generally the same for commercial property).

In some cases there may be exemptions for new builds and first home buyers.

While existing lending will generally be okay, if looking to top up a loan the new LVR rules are likely to apply.

Monday, 30th January 2017

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"BC Contracting has been with DB Chartered now for a few years, and our experience has been amazing throughout.

I love how thorough the team is and that if something may have been missed or an error is made somewhere on our behalf the team are very quick to inform us so any adjustments can be made.

Every financial year I feel like so much pressure and weight is lifted off our shoulders due to the great team in the office, especially with the communication we have with the staff who have supported us from the moment we started our business.

All of the communication is top notch and I could not ask for a better service provider. We can trust that our company is in great hands and that all of our finances are taken care of by a team we can rely on.

If you are looking for great service with a great team I would look no further then DB Chartered."

Michelle Stevens
Director
BC CONTRACTING