1300 931 892

Loan Amount: $6,120,000

Loan to Value Ratio (LVR): 94%


Did you know that Banks will generally begin to reduce the amount they are willing to lend once the property value exceeds $5m? This is to ensure the Bank is not exposed to losing several million dollars on a single property in the event that the loan is not repaid.

Banks will lend up to 80% LVR for properties valued between $3m and $5m, so long as there are no risk factors identified in the Valuer’s report and the loan is not being used for Construction purposes. For properties valued over $5m Banks prefer to limit loans to 70% or 75% LVR.

York Finance was able to negotiate $5.2m to be secured over the Luxury Home at 80% LVR and a further $920,000 was secured against another property the client owned.