A DECLINE AS LOAN-TO-VALUE RATIO (LVR) RESTRICTIONS IMPACT THE FIRST HOME BUYER MARKET
Posted on November 15th, 2013 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Loan to value limits were introduced at the beginning of October by the Reserve Bank. All banks must now lend no more than 10% of their new home loans to people with deposits of less than 20%. First national’s survey was released to the media on Friday, October 8. This reserch was commissioned by First […]
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