Low Deposit Buyers could see restrictions ease

Lending restrictions for house buyers without large deposits could soon be eased.

Reserve Bank Governor Graeme Wheeler will face MPs on Wednesday, when he is set to lay out the future of loan-to-value ratios (LVRs).

Introduced in October 2013, LVRs force banks to limit lending to those with less than 20 per cent deposit to no more than 10 per cent of their loans.

Lending restrictions for house buyers without large deposits could soon be eased.

Reserve Bank Governor Graeme Wheeler will face MPs on Wednesday, when he is set to lay out the future of loan-to-value ratios (LVRs).

Introduced in October 2013, LVRs force banks to limit lending to those with less than 20 per cent deposit to no more than 10 per cent of their loans.

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