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ANZ Maximum LVR Reduced to 90 percent

Submitted by admin on Sun, 11/16/2008 - 11:01
ANZ announce the maximum home loan LVR (loan to value ratio) is now 90%
  • effective midnight Sunday 16th November
  • LMI can only be capitalised to 90%, not above
The following exceptions will apply in order for applications in progress still to be drawn at up to 95% LVR (subject to normal lending criteria):
  • Applications already approved but awaiting settlement
  • “Approved Subject To” (awaiting income verification, valuation, etc.)
  • “Approved in Principle”
  • Existing ANZ customers – non credit critical restructure without additional funds.
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