SGB is the final lender to withdraw its 100% product wef 9th April so financing a deal for a First Home Buyer will get hard and harder from now on.
With many lender cutting back to 90% maximum lvr buyers generally are going to need equity or cash to continue buying property in Australia.
Richard Taylor | Australia's leading private lender
Wow, people will now actually have to demonstrate they can save money to be able to purchase houses for hundreds of thousands of dollars.
Yes about time too.
Richard Taylor | Australia's leading private lender
Richard,
Do you think it will cool down the price in the future by introducing 90% LVR?Yes certainly do. In the UK now it is a maximum lvr of 85% across around 90 lenders and the investors are buying more and the first home buyers finding they just get on the band wagon.
Richard Taylor | Australia's leading private lender
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