Greater clarification of the details surrounding new lending requirements has come today with the Reserve Bank’s confirmation of its latest investor-targeted LVRs.
Under the new rules, from October 1, property investors will need a 40% deposit for a mortgage loan, while owner-occupiers will need a 20% deposit.
Greater clarification of the details surrounding new lending requirements has come today with the Reserve Bank’s confirmation of its latest investor-targeted LVRs.
Under the new rules, from October 1, property investors will need a 40% deposit for a mortgage loan, while owner-occupiers will need a 20% deposit.
