
Mortgage News
LVR restrictions favour the wealthy
Monday 15th of July 2013
In its submission to the Reserve Bank on LVR restrictions it has asked that any changes should not make it harder for first-home buyers to purchase properties.
The bank is consulting on tools such as loan-to-value speed limits and is expected to implement them in the next couple of months with the aim of limiting the amount of lending a bank can do in the high-LVR range.
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