
TMM - News
Advisers react to LVR changes

Wednesday 10th of February 2021
The RBNZ has introduced a new "60/5" rule, meaning banks will only be able to issue 5% of their new loans to investors above 60% LVR.
In effect, the new rule means investors will struggle to get a loan unless they have a 40% deposit.
The new regulations officially come into effect from May 1, but deputy governor Geoff Bascand wants banks to impose them "imme...
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