Banks continue to be risk adverse in their lending criteria and we are seeing specific areas affected during the borrowing process.

Talk to Paul if you are considering:

  • Owner occupied interest only loans
  • High loan-to-value ratios (LVRs)
    • Some lenders are restricting borrowing against certain postcodes and LVR in certain postcodes (i.e. inner-city areas where there is an oversupply of apartments)

Living expenses continue to be a concern for lenders and loan officers are applying a higher ratio which can impact the amount you can borrow. Paul recommends that you add a realistic buffer to your overall calculations.

Contact Paul if you need assistance in determining an appropriate buffer for lending or any other lending questions.


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