Mortgage News

Slowdown shows up in statements

Monday 16th of December 2013

In the September quarter, lending to people with a deposit of less than 20% fell to $49 million, down from $174 million in the June quarter.

The bank’s chief executive, Andrew Thorburn, had earlier said the bank had reduced its high-LVR lending to almost nothing in the wake of new LVR restrictions from the Reserve Bank.

From October 1, banks had to keep their new lending to borrow...

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