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BNZ tightens lending policy

Friday 22nd of May 2020
According to several advisers, BNZ has updated its lending policy and criteria for home loan applicants in the past week.
The bank has re-affirmed it will only lend up to 70% LVR for investors, despite the central bank's move to end LVR speed limits.
Under the criteria, investors will need a 30% deposit, even on new-build properties.
A BNZ spokesman said: "...
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