Dose anybody know who can lend for a IP while on a 457 visa? ( Work sponserd ) And is there usually extra requirements. Also how high a LVR can you get. 90% lend? Thanks
Its' a temporary visa so most lenders would view you as a non-resident. That makes it harder as you'd be in the same category as a foriegn resident. I don't see a lot of that type of application, but my understanding is the Westpac group is one of the better ones at 70% LVR.
A lot of lenders don't want to touch it at all - but there are some niche lenders such as Homeloans Ltd who will, including up to the traditional LMI territory (though it will be paid through their own fee instead of Genworth/QBE etc). 90% is do-able.
Often need to do a FIRB application too for temp work visas. They are taking up to 30 days turnaround recently so need a good subject to clause in your contract also.
ANZ/WBC - over 80% lend/LMI not available to 457 visas UNLESS you fit into their medico policy: can be as niche as physio or chiro.