All Topics / Finance / Citibank the latest lender to cut to max 90% LVR

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  • Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    March 24, 2009 - 7:32 am

    90% LVR: The maximum LVR on any loan application where mortgage insurance is required will be 90% including
    capitalisation of Lenders Mortgage Insurance premium (previously it was 95% plus capitalisation of LMI premium).

    Another one bites the dust.

    Richard Taylor | Australia's leading private lender

    Profile photo of god_of_moneygod_of_money
    Participant
    @god_of_money
    Join Date: 2008
    Post Count: 970
    March 25, 2009 - 6:53 am

    More to come I believe.

    When are they going to reassess the borrower who previously borrowed the loan of >100% LVR?
    It will trigger massive SELL OFF in the property market as the lenders are clearing their books……
    the doom is coming :)

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