LVR Restrictions Table

LVR Lending Matrix – April–June 2025 bank updates

Bank	LVR band	Pre-approval		Live deal		Pre-approval duration	Key notes / caveats
		New	Existing	New	Existing
ANZ	≤ 80 %	✔	✔	✔	✔	60 days	Standard policy
	> 80 %	✘	✘	✔	✔	60 days	Non-RBNZ-exempt pre-approvals paused (18 Apr 2025); live deals permitted if due to settle within 60 days
BNZ	≤ 80 %	✘	✔	✔	✔	–	New-to-BNZ clients must have a signed deal; pre-approvals only for existing customers
	80.01 – 95 %	✘	✘	✘	✔	–	High-LVR lending limited to live deals for existing BNZ customers
ASB	≤ 80 %	✔	✔	✔	✔	–	Turnaround c. 2–3 business days
	> 80 %	✘	✘	✘	✘	N/A	Traffic-light set to RED (20 May 2025); no >80 % lending
Westpac	≤ 80 %	✔	✔	✔	✔	60 days	Normal queues (10 new assessors added)
	> 80 %	✘	✔	✔	✔	60 days	Pre-approvals only for existing clients with salary credited ≥ 3 months

Legend: ✔ = lending available    ✘ = not available