
Mortgage News
New LVR start date delayed
Friday 12th of August 2016
Reserve Bank Deputy Governor Grant Spencer said banks had indicated they needed more time to meet the new LVR restrictions proposed by the Reserve Bank in July.
This was due to the pipeline of loan pre-approvals made prior to the Reserve Bank’s announcement, he said.
“We understand that banks have been applying the new LVR restrictions to new loan applications since the LVR change...
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