News

Brake comes off high-LVR lending

Friday 10th of January 2014

The banks pulled back sharply on low-equity lending before Christmas. Less than 6% of new loans in November were to borrowers with a deposit of less than 20%.

Since October, banks have been able to lend no more than one in 10 of their new loans to borrowers with a small deposit.

David Windler, of the Mortgage Supply Co, said banks had stopped almost all sub-20% lending at the en...

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