
TMM - News
Tighter LVR restrictions for owner-occupiers

Friday 3rd of September 2021
The RBNZ wants to limit lending to those with less than a 20% deposit to 10% of bank lending.
Currently, banks can lend up to 20% of their book at >80% LVR.
The move will force NZ lenders to limit loans to low deposit borrowers, impacting the first home buyer market.
Reserve Bank deputy governor Geoff Bascand said the proposal was prompted by soaring house prices.
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