Big lender eases LVR rules on investment home loan
Australia’s biggest lender to landlords, Westpac, is lowering the size of the deposits it will require from property investors. Westpac is lifting the maximum loan-to-valuation ratio (LVR) for new mortgages for property investors to 90 per cent, up from 80 per cent. This partially reverses last year's crackdown on investment lending.
Westpac's lending to investors grew 7.2 per cent in the year to March 2016.
Source: Sydney Morning Herald