Mortgage News

Kiwibank already near target before rules kicked in

Tuesday 26th of November 2013

Its latest GDS shows that the percentage of its net home loan growth in mortgages with an LVR of more than 80% was 15% for the quarter.

The bank recorded mortgage growth of $234 million in the three months ended September, of which $34 million was to borrowers with a deposit of less than 20%. It takes Kiwibank’s total high-LVR lending to 18.77% of its loan book, slightly down on the prev...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.