
Mortgage News
Loan-to-income restrictions favoured

Monday 7th of July 2014
The NZ Institute of Economic Research says an idea floated by the Bank of England to manage financial stability would be better than the approach taken by the Reserve Bank in New Zealand.
"We like the Bank of England’s proposed restrictions on high loan-to-income (LTI) mortgages better than New Zealand’s LVR restrictions.” NZIER principal economist Kirdan Lees says.
“Restrictions...
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