TMM - News
Lending for low deposit mortgages rises
Tuesday 30th of April 2024
Latest Reserve Bank data show of the 2,477 mortgages approved for first home buyers in March, 750 (30.6%) were low equity loans.
Although the number of mortgages for first home buyers was up 7.7% compared to March last year, the figure is down by 26.7% compared to the December 2020 market peak when 3,338 were approved.
Low equity loans to first home buyers have been at about 30%...
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