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A big four bank has announced that it is reducing the maximum LVR ratio for investment home loans to 90 per cent, effective immediately.

Commonwealth Bank has reduced the maximum loan-to-value ratio for investment home loans to 90 per cent, meaning investors should ensure they have a 10 per cent deposit.

This change relates only to investment home loans and is effective immediately. 

There has been no change for owner-occupier home loans.

The bank has said it expects the change will affect “a very small percentage of the home loan applications” it receives.