News

Broker calls for new-house exemption

Friday 1st of November 2013

There are reports that new home builds have been hard hit by the restrictions, which came into force last month.

Banks must keep their low-deposit lending to no more than 10% of new loans.

GJ Gardner told the NZ Herald it had lost 24 new-home projects in the first month of the restrictions alone, and more deals would likely disappear.

Ian Webb, who is on the board of the...

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