Although a lot of lenders have pulled back the LVR (check out our definitions for an explanation), there are still lenders who will lend up to 95% LVR. They will also allow you to add the Mortgage Insurance on top of this.

You do need to have Genuine Savings of 5% saved over a 3 month period but the purpose of the loan can be for purchases, vacant land or construction so there is certainly some flexibility.

Having loans such as this does allow people who have saved over a period of time to still buy a property.

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