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Lenders announce LVR changes

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Lucy Dean 4 minute read

A non-major lender and a mortgage manager have announced changes to maximum LVR ratios.

As of 18 July, principal and interest (P&I) loans with Adelaide Bank will revert to a maximum LVR of 90 per cent, including the lenders mortgage insurance (LMI) premium.

The LVR on interest-only (IO) loans will remain at a maximum 70 per cent LVR.

Better Mortgage Management


Better Mortgage Management also announced a series of changes.

New loans with their Premium Suite policy will be limited to an LVR of 80 per cent if they have an IO portion, while clients with Credit Suite policies for IO loans will need to satisfy a maximum LVR of 80 per cent, including applicable LMI.

Clients on Credit Suite policies for vacant land and construction loans will need a maximum LVR of 90 per cent, also including applicable LMI.

True Blue policy holders with full doc loans will now have a maximum LVR of up to 85 per cent on IO, for both owner-occupier and investment loans.

For the same policy holders paying P&I, the maximum LVR is 95 per cent, including capital LMI.


True Blue Expats and True Blue SMSF policy holders are limited to P&I repayments only.

Meanwhile, Flexi Elite policy holders with P&I loans will need a maximum LVR of 85 per cent, but will have no risk fee or LMI.

Flexi Elite and Specialist policy holders with full doc investor loans will need to have a maximum LVR of 95 per cent.

[Related: Advantedge lifts variable rates

Lenders announce LVR changes
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