Westpac, the country’s biggest lender to landlords, is lowering the size of the deposits it will require from property investors, partially reversing last year’s crackdown.

 After a sharp slowdown in lending to property investors, Westpac and St George, which it owns, this month told mortgage brokers the maximum loan-to-valuation ratio (LVR) for new mortgages for property investors would rise to 90 per cent, up from 80 per cent.

 The change means property investors need a deposit of 10 per cent of a property’s value, compared with 20 per cent previously.

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