Even More Home Loan Changes
In continuing signs that many lenders are starting to feel more comfortable with the economy, we have now seen Westpac increase the maximum amount that can be borrowed as a percentage of the value of the property (the LVR) from 87% to 92% for non Westpac clients. This will be exciting news for anyone who was short in the amount that they had as a deposit and follows similar news released yesterday by ANZ.