Search
Close this search box.
Home Loan Variable: 5.94% (5.95%*) • Home Loan Fixed: 5.79% (6.39%*) • Fixed: 5.79% (6.39%*) • Variable: 5.94% (5.95%*) • Investment IO: 6.14% (6.58%*) • Investment PI: 5.99% (6.61%*)

Property Postcode Restrictions (LMI & Lending)

Lenders assess mortgage applications differently based on the location of the property being offered as security. A lender, or the Lenders Mortgage Insurance provider, will apply more rigid lending policies in high-risk locations to limit their risk. This risk assessment often means that your maximum permissible LVR (and your borrowing amount) to be lower.

The Lender’s LMI Policy Guide may be consulted for information on what postcodes or property types might be affected, or you may use the tool below to check your postcode against the database. Keep in mind that not all localities within each postcode is affected, and nor is each property type.

Please enter a 4-digit Postcode
DISCLAIMER: The Calculation queries the BeliefMedia API to check LMI issues associated with a postcode. Please note that while every effort is made to keep data up-to-date, the most reliable source of information of LMI information is your broker. [ BeliefMedia API ]

The most common limitation that applies in areas where a postcode is considered risky is the maximum LVR may be reduced to 80%. You can read more about LMI in our LMI FAQ.

If you would like to have a discussion, please call us anytime on 1300 66 12 11.

Ask us a question and we will get back to you within 1 working day

  E. Australia Standard Time [ UTC+10, Default ] [ CHECK TO CHANGE ]

  Want to have a no-obligation discussion?
 

Related FAQs:

BeliefMedia

What is a Risk Fee?

A Risk Fee is a once-off charge payable by you when the amount of money you borrow for the purchase of a home or asset if higher than that lender’s acceptable LVR. For a home loan, this is usually 80% of the value of the home (80% LVR) …

Read More »
Loungeroom with Fireplace
BeliefMedia

No Deposit Home Loans

Most lenders have moved away from the no-deposit home loan, although there are a few products available with very strict criteria. Excluding the no-deposit opportunities made available to the medial industry and other …

Read More »

Share this FAQ

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest