Mortgage News

Limited low-deposit lending to investors

Friday 25th of September 2015

Banks will be heavily restricted in the amount of lending they can do to people purchasing investment properties in Auckland with less than 30% equity.

The rule that no more than 10% of their new lending can go to buyers with a deposit of less than 20% will still apply for Auckland owner-occupiers.

Elsewhere in the country, banks will be able to lend 15% to small-deposit borrowers...

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