Mortgage News

High-LVR share drops further

Wednesday 29th of January 2014

The latest data from the Reserve Bank shows that the percentage of high-LVR lending being done by the mainstream banks dropped further in December.

After exemptions, lending above 80% was only 4.7% of new loans, down from 5.8% in November and 11.7% in October.

Banks can lend no more than one in 10 of their new loans to borrowers with a deposit of less than 20%.

Massey Unive...

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