Powered by MOMENTUM MEDIA
the adviser logo
Lender

ING DIRECT ups LVR

by Staff Reporter7 minute read

Staff Reporter

In line with feedback received from its broker channel, ING DIRECT has announced it will enhance the maximum LVR available for customers planning to build their own home or investment property.

Effective immediately, ING DIRECT will increase the maximum LVR on its construction loan to 95 per cent plus LMI.

“We have had a very active year to date, engaging our broker partners on how we can bolster the value we add to the channel, and then implementing many initiatives based on these discussions,” 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.

default
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more