ING DIRECT increases LVR to 95 per cent

ING DIRECT has announced it will enhance the maximum LVR available for customers planning to build their own home or investment property to 95 per cent plus LMI.

ING DIRECT’s head of broker distribution Mark Woolnough said “Some consistent feedback we received was around the need to offer an increased LVR on our construction loan product. I am happy to announce that we can now offer to the market 95 per cent LVR plus LMI for construction loans.”

Mr Woolnough said the change would hopefully create further opportunities for ING DIRECT in targeting first home buyers and investors looking to construct.

Source: The Adviser