976506153
TMM - News

ANZ adjusts deposit requirements

Thursday 21st of December 2017

From 1 January 2018 the LVRs will be relaxed to allow banks to allot 15% (rather than 10%) of their new mortgage lending to borrowers with deposits of less than 20%.

Banks will also be able to allot 10% (rather than 5%) of their new mortgage lending to investors with deposits of less than 35%, as opposed to 40%.

Now, in keeping with the Reserve Bank’s move, ANZ has announced that...

Want to read the full article?

Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.

You will also be able to comment on articles on Good Returns.