Maximum LVR in New Zealand – Understand How Much You Can Borrow | Lendi Financial

Illustration showing how loan-to-value ratios (LVR) affect deposit requirements for home loans in New Zealand. Explains maximum LVR rules and lender differences

Standard Property Types	OwnerOccupied	Owner Occupied Exemptor with funding approval
Freehold Residential	80%	95%
Freehold Terraced Housing/Townhouses	80%	95%
Lifestyle with Dwelling <=10ha	80%	80%
Lifestyle with Dwelling > 10ha	70%	70%
Leasehold Residential (RV Required)	0%	80%
Freehold Apartment >50m2	80%	95%

Standard Property Types	Investment	Investment Exempt
Freehold Residential	85%	90% *
Freehold Terraced Housing/Townhouses	85%	90% *
Lifestyle with Dwelling <=10ha	85%	85%
Lifestyle with Dwelling > 10ha	85%	85%
Leasehold Residential (RV Required)	0%	70%
Freehold Apartment >50m2	85%	90% *

Non-Standard Property Types	OwnerOccupied	Owner Occupied Exemptor with funding approval
Freehold Apartment <50m2	65%	65%
Serviced Apartment - Refer BNZ in all cases	65%	65%
Purpose Built Student Accommodation(RV Required)	65%	65%
Dual Key Apartments (RV Required)	65%	65%
Flat Owning Company Shares (RV Required)	65%	65%

Non-Standard Property Types	Investment	InvestmentExempt
Freehold Apartment <50m2	65%	65%
Serviced Apartment - Refer BNZ in all cases	65%	65%
Purpose Built Student Accommodation(RV Required)	65%	65%
Dual Key Apartments (RV Required)	65%	65%
Flat Owning Company Shares (RV Required)	65%	65%

Residential Property Under Construction (RV Required in all cases)	OwnerOccupied	Owner Occupied Exemptor with funding approval
Fixed Price Contract	80%	85%
Labour Only/Owner Builder	80%	N/A
Turnkey/Off Plans	80%	90%
Kitset/Pre-Fabricated Dwellings	80%	80%
Relocated Dwellings	80%	N/A

Residential Property Under Construction (RV Required in all cases)	Investment	InvestmentExempt
Fixed Price Contract	70%	85% *
Labour Only/Owner Builder	70%	80%
Turnkey/Off Plans	70%	90% *
Kitset/Pre-Fabricated Dwellings	70%	80%
Relocated Dwellings	70%	N/A