Liberty raises max LVR on commercial loans

Liberty Financial has increased the maximum LVR for prime full doc business to 80%.

"At a time when small business is hurting, other lenders continue winding back LVRs and commissions. We're intent on doing the opposite by providing vital support to small business whilst stimulating competition in the broker channel," said Bob Turnbull, Group Sales Manager - Commercial for Liberty Financial.

In a statement, Liberty said these sweeping changes were in line with its drive to increase competition across the consumer and commercial lending sectors.

"With rates starting at 7.95% we're confident this will drive competition in the bank-dominated space and that means more choice and better outcomes for our business partners and our customers", he added.

The new max LVR comes into effect immediately.

If you need a commercial loan or business loan, speak to the mortgage brokers at Intellichoice on +61 7 3624 1900. With access to over 40 lenders, our mortgage brokers will research and compare all commercial loans and find one to suit your needs