You can borrow up to a maximum percentage or LVR (Loan to Value Ratio) as calculated by the lender. This calculation usually involves taking the youngest applicant's age, and subtracting the number 40. This will give you a number that is the maximum percentage of your house a lender will lend to you. Example: if the youngest applicant is 62 yrs old, then the maximum percentage you can borrow is 22%LVR (i.e. 62 minus 40 = 22). On a $1.0 million property, the maximum loan amount would therefore be $220,000.
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Planwise AU Pty Ltd trading as UNO Home Loans ABN 81609882804 Australian Credit Licence Number 483595. UNO values your privacy and last updated our Privacy Policy on 29 January 2020. L17, 123 Pitt Street, Sydney NSW 2000
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