The rise and rise of the first home buyer (FHB) investor is coming to an end, with the nation’s second biggest bank and biggest lender to property investors announcing that it would lower its maximum loan-to-value ration (LVR) on investor mortgages to 80%. From The Canberra Times:
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.
