LVR Basics Articles
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...