Mortgage News

Tide about to turn on low equity loans

Friday 28th of February 2014

The latest figures from the central bank show just 4.8% of the $3.09 billion lent in January was to people with deposit of less than 20%.

That figure fell to 3.8% after exemptions, such as Welcome Home Loans and construction finance, were taken out.

Under the speed bump restrictions introduced in October registered banks could only lend 10% of their mortgages to customers who had...

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