TMM - News

ASB joins ANZ in LVR cuts

Wednesday 29th of June 2022

The Reserve Bank requires banks to control the number of loans where customers have less than a 20% deposit.

No more than 10% of the value of owner-occupier mortgages is permitted to be made available at that level.

As the value of loans approaches the 10% level, banks fear they might breach the cap as loans work their way through the system, and so will often put a pause on suc...

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