Mortgage News

More signs banks easing lending rules

Tuesday 4th of August 2009

While most of the big banks will only lend up to 80% LVR on standard rates and then charge a low equity premium for home loans above this level, Kiwibank has gone the other way.

It has removed its LEP. The premium was generally another 20 basis points added to the standard rate.

Kiwibank says it has not changed its lending policy around LVR values as it always lent above 80% LVR.<...

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