6. Maximum Loan to Value Ratio (LVR)

The Loan to Value ratio (LVR) refers to the calculation of the loan amount as a percentage of the security value. Security value initially can be an estimate for refinances, until which point we receive a suitable valuation from an accredited panel valuer. Likewise, for a purchase, this will be the lower of the contracted purchase price or valuation.

• Max LVRs per product:
  • Prime Full Syd/Melb/Brisb metro only 90% (Subject to ASL)
  • Prime & Near Prime:
    • 85% Metro/Metro Other
    • Prime full doc only - 85% Non Metro (Subject to ASL)
  • Specialist
    • Max of 80% for Owner Occ (Metro) or 80% (Non Metro subject to ASL)
  • Specialist+
    • Max of 75% or 70% (Non Metro)

• Max LVRs per loan purpose:
  • Owner occupied:
    • 90% inclusive of fees (and subject to acceptable security location criteria)
  • Investment:
    • 80% Interest only, Prime & Near Prime
    • 75% for interest only, Specialist & Specialist+(subject to Owner Occ arrears)
    • 80% for P&I

• Max LVRs as per security features:
  • Residential tower blocks:
    • Units in blocks of 4-10 storeys that are  new developments (built within 5 years) are limited to 70% including fees.