News

LVR loosening not enough

Thursday 30th of November 2017

In its Financial Stability Report yesterday, the Reserve Bank announced it would be easing the LVRs slightly from 1 January 2018.

For investors the changes mean that 5% of banks’ new mortgage lending will be able to go to investors with deposits of less than 35%, as opposed to 40%.

When it comes to owner occupiers, 15% (rather than 10%) of banks new mortgage lendi...

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