Loan for Vacant Land - Maximum LVR?

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Loan for Vacant Land - Maximum LVR?

Postby jojoming » Mon Jun 15, 2009 2:56 pm

What is the typical maximum LVR the major banks or other lenders are offering in terms of LVR for Vacant land loans?

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Otto Dargan
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Re: Loan for Vacant Land - Maximum LVR?

Postby Otto Dargan » Mon Jun 15, 2009 9:04 pm

The maximum you can borrow on vacant land is 95% of the land value (95% Loan to Value Ratio or LVR). Note that this is quite rare these days as vacant land tends to fluctuate in value more than a house. For this reason many lenders prefer to lend 90% LVR.
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