TMM - News
Uncertainty over DTI effects

Monday 8th of January 2024
Ireland and the UK have DTI caps of between three-and-a-half and four-and-a-half times income and in the UK banks can only advance up to 15% of the number of new mortgages at a DTI greater than 4.5.
Because New Zealand did not have DTIs during 2020 and 2021 when the RBNZ temporarily suspended LVR rules because of fears the pandemic would mean a plummeting housing market and wrecked econ...
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