ING moves to 80% maximum NSW LVR amid APRA crackdown
Jonathan ChancellorDecember 7, 2020
ING Direct's maximum LVR (including LMI premium) for investment loan applications in New South Wales has been reduced to 80%, the latest lender to announce changes in the wake of APRA’s crackdown on investor lending.
Australian Broker reports that outside of NSW the maximum LVR for investor loans will be 90%.
For owner occupier loans nationally, the maximum LVR has been re-set to 95%. All changes to maximum LVRs will be effective for loan applications received from Wednesday 10 June 2015.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.