Credit Specialist La Trobe Financial announced that it has increased its maximum loan amount threshold at 80% LVR from $1 million to $1.5 million in metropolitan New South Wales and Victoria. The change applies to both Full Doc and Lite Doc loans.
Cory Bannister, vice president and head of distribution at La Trobe Financial said the lender has seen strong levels of enquiry for properties valued between $1m and $2m in the Melbourne and Sydney metro areas.
“We’ve increased loan amounts up to $1.5 million at 80% LVR in line with the recent increase in property values in the Sydney and Melbourne markets. This is to ensure we are able to continue to deliver market leading products to our customers,” Cory Bannister, vice president and head of distribution at La Trobe Financial said.
La Trobe Financial will be making further new product announcements shortly.