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We heard banking institutions were not financing to people having below 20% put?

We heard banking institutions were not financing to people having below 20% put?

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For those who have below 20% deposit, youre regarded (by the banking companies) once the a reduced Collateral (otherwise Put) Borrower. You have to fulfill yet another selection of conditions in order to individuals which have 20% or higher.

Note: this article might have been current in order to reflect the changes towards the LVR laws. Information is most recent on 7th .

Read moreWe heard banking institutions were not financing to people having below 20% put?