TMM - News

NZCU Baywide to offer 95% mortgages

Thursday 7th of June 2018

The credit union is not a registered bank and is exempt from the Reserve Bank's LVR restrictions. It has chosen to increase its self-imposed LVR restriction from 90 per cent to 95 per cent. 

NZCU has also chosen to raise its lending cap from $400,000 to $600,000. 

The credit union's bold move comes as non-banks seize the initiative and ramp up lending, as banks retrench...

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