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We have lenders who can go up to 90% LVR against your security property. However, some factors affect the LVR, such as:
- Firstly, the type of property and location; including the size of the land.
- Secondly, property zoning, such as rural or farm zoning can attract lower LVR’s.
- Thirdly, your credit history and if debts are paid or unpaid. Indeed, there are many other LVR affecting factors.
The LVR available is very important as the loan available against your property will determine if the tax debt can be fully paid. As a result, sufficient LVR and loan amount will enable the new loan to fully cover your circumstances.