LVR RULE CHANGE – OCTOBER
Posted on September 11th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The banks will be restricted to having no more than 10% of the value of their new home mortgages lending at loan to value ratios above 80%. The question has been whether this will have the desired effect of slowing the rising house prices. The LVR will definitely slow down first home buyers and investors […]
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