Explore
Reserve Bank to loosen mortgage lending rules
Loan-to-Value (LVR) changes on mortgage lending to be eased.
AI summary
The Reserve Bank is loosening Loan-to-Value Ratio (LVR) restrictions from 1 December, making it easier for some buyers to secure a mortgage with a smaller deposit.
- Owner-occupiers: Banks can increase new low-deposit (under 20%) lending from 20% to 25% of their portfolio.
- Investors: The allowance for lending with less than a 30% deposit will double from 5% to 10%.
Debt-to-Income (DTI) rules remain unchanged. The move aims to improve access to credit without significantly impacting house prices.
Author
Discover More
The three words she uses to describe her ‘treehouse’ home: ‘Different, quirky, peaceful’
A quirky Plimmerton A-frame offers two bedrooms, privacy in the trees and a peaceful coastal lifestyle by the beach.
Create your own animal sanctuary in small town NZ (animals not included, well except for some chooks)
A 3.6ha Lawrence lifestyle property offers a four-bedroom home, sheds and space for animal lovers to thrive.
Search
Other articles you might like
