TMM - News

New build loan boost

Tuesday 2nd of March 2021

After ASB backtracked on plans to enforce LVR restrictions on investor new builds, advisers say the big four lender and other banks have become more receptive to construction loans.

ASB is offering up to 85% LVR loans for all new builds, while the other big four banks are offering 90% for owner-occupied new builds, and 80% to investors building a home.

Anecdotal evidence suggest...

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