Navigating LVR Limits for First Home Buyers
Stepping into the property market for the first time can be both exhilarating and daunting. One term you're likely to encounter early in your property journey is the Loan-to-Value Ratio (LVR). While it might seem complicated at first glance, understanding LVRs can significantly ease your passage into home ownership. Read on to be guided through the intricacies of navigating LVR limits in the NZ property market.
Posted
on 6 September 2023
What is LVR and Why Is It Important?
If you've been exploring the possibility of buying property in New Zealand, you have likely encountered the term "Loan-to-Value Ratio" or "LVR." This metric is a cornerstone in understanding how much you can borrow, under what terms, and it influences a variety of other factors in the property buying process. So, what precisely is an LVR, and why does it hold such weight in the New Zealand property market? Let's delve in...
Posted
on 5 September 2023