Australia’s biggest lender to landlords, Westpac, will require new property investors to have a deposit of at least 20 per cent, as banks escalate their attempts to dampen the booming growth in borrowing by housing investors. Westpac will from Wednesday cap loan-to-valuation ratios (LVRs) for new property investor loans at 80 per cent, the toughest limit imposed by a major bank so far. Please click here to read the full article.
Tags: LVR