Tag Archive: New Zealand

New mortgage lending rules come into force in NZ

Posted on October 5, 2013 by | 0 Comments
The Reserve Bank’s new mortgage lending restrictions come into force today, restricting the number of high loan-to-value ratio mortgages banks can lend. From today banks will be required to restrict new residential mortgage lending at loan-to-value ratios (LVRs) of over 80 per cent to no more than 10 per cent of the value of their new housing lending – meaning most would-be home buyers will need a 20 per cent deposit. The policy has already...

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