Old Mortgage News
Overall lending volumes up; low equity loans down
Monday 2nd of February 2015
New data from the Reserve Bank shows that total new mortgage commitments, with an LVR of 80% or below, jumped from $4,668 million in November to $5,075 million in December.
The low deposit (ie: an LVR of above 80%) loan share of total new mortgage lending, excluding exemptions, fell from 8.6% in November to 8.2% in December.
This fall came about even though Kiwibank stopped high L...
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