
News
Reserve Bank ends LVR restrictions

Thursday 30th of April 2020
In an announcement this afternoon, the central bank said the removal of LVR rules would take effect for 12 months. The changes come into effect on May 1.
The RBNZ said the decision was made "to ensure LVR restrictions didn’t have an undue impact on borrowers or lenders as part of the mortgage deferral scheme implemented in response to the Covid-19 pandemic".
The...
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