CUA issued a media release yesterday to correct some mis-reporting of changes to its apartment loan criteria in Fairfax Media publications. The mutual said it had not introduced a policy of not lending for the purchase of apartments of less than 40 square metres. That has been its long-standing policy. What is has done is amend its definition of a "high density apartment" to apply to buildings with six or more floors or more than 50 apartments. Previously it classified a high density apartment as one in a complex with four floors or more than 30 apartments.Borrowers buying a high density apartment are subject to tighter lending standards. Borrowers buying apartments in smaller blocks are subject to the same criteria as those purchasing a house.The effect of the policy change is to make it easier for more apartment buyers to get funding. Reporting yesterday suggested the opposite.CUA said many people buying an apartment were first-home buyers and its aim was to give them more options.Another change is that owner-occupiers buying an existing unit will be able to borrow on a loan-to-valuation ratio of up to 90 per cent with lenders mortgage insurance, compared with 80 per cent previously. For buyers of new unit the maximum LVR will be 85 per cent.