Easier Access to Credit for First-Home Buyers
The Reserve Bank of New Zealand is set to relax its loan-to-value ratio (LVR) restrictions starting from December.
According to Acting Assistant-Governor Financial Stability Angus McGregor, the bank has been reviewing its approach to LVR restrictions over the past year.
“We concluded that the introduction of...
Despite the easing of lending restrictions on housing, debt-to-income restrictions will remain unchanged.
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Author's summary: Easier credit access for first-home buyers in NZ.
- Relaxation of LVR restrictions from December
- Debt-to-income restrictions to remain the same