Mortgage News

Adjustments may be a regulatory headache

Monday 2nd of December 2013

The bank’s latest GDS seems to show that lending to people with a deposit of less than 20% actually increased in the September quarter, as other banks were winding down their low-deposit lending ahead of the LVR restrictions.

For the September quarter, 22.5% of the bank’s new lending was to people with an LVR of 80% or higher, up from just 3.2% the previous quarter.

The bank says...

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