Explore
Reserve Bank to loosen mortgage lending rules
Loan-to-Value (LVR) changes on mortgage lending to be eased.
AI summary
From 1 December, the Reserve Bank will ease Loan-to-Value Ratio (LVR) restrictions, making it easier for some buyers to secure a mortgage with a smaller deposit.
Banks will have more flexibility to lend to owner-occupiers with less than a 20% deposit and to property investors. This change follows the introduction of Debt-to-Income (DTI) rules, which remain in place. The move aims to improve credit access without significantly impacting house prices in the current market.
Author
Discover More
How a $23 million Lotto jackpot influences Kiwi search behaviour on Trade Me Property
Trade Me data reveals Kiwi engage in luxury window-shopping when Lotto jackpots
Rising fuel costs driving Kiwi home buyers closer to city centres
Rising fuel costs are driving Kiwi home buyers to reprioritise their commute, new insights into NZ's property market.
Search
Other articles you might like
