21 Aug 2013

The New Zealand government has passed a new law that restricts the amount of high LVR loans a bank can offer.

Yesterday, the New Zealand government announced that from 1 October 2013, the nation’s banks will not be allowed to have more than 10 per cent of their new approvals with a loan to value ratio greater than 80 per cent.

Written by Jessica Darnbrough in The Adviser.

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