
TMM - News
Westpac loosens up apartment lending rules
Wednesday 8th of July 2015
The changes relate to lending on apartments in Auckland and have been made to support the council's Unitary Plan to to assist first home buyers.
Westpac says apartments are increasingly viewed by its first home buyer customers as a potential affordable housing option. Under the changes the maximum LVR for apartment lending is increasing from 80% LVR to 85% LVR.
"We are commi...
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