TMM - News

Reserve Bank tightens LVR rules for investors

Tuesday 9th of February 2021

The central bank has announced a new "60/5" speed limit for investor lending, which will come into effect from May this year. 

Under the rule, banks will only be allowed to lend 5% of their book to investors above 60% LVR.

In effect, it means most investors will struggle to borrow unless they can provide a 40% deposit.

RBNZ deputy governor Geoff Bascand sa...

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