All Episodes

April 25, 2020 39 min
The Reserve Bank of New Zealand is proposing to remove loan-to-valuation restrictions on mortgage lending as Covid-19 wreaks havoc on the economy.
"This move will help banks to keep lending to support customers, including with mortgage deferral," the central bank said.
The LVRs, which went through several adjustments, were first introduced in October 2013 to curb an overheated housing market.
There are currently two loan-to-value restrictions in place: banks can only lend 20 per cent of their residential mortgage book to owner-occupiers who don't have at least a 20 per cent deposit and they can only lend 5 per cent to investors who don't have a 30 per cent deposit.
Listen above as Property Commentator Nikki Connors joins The Weekend Collective.
 
Share
Mark as Played

Advertise With Us

Popular Podcasts

Dateline NBC
The Daily

The Daily

This is what the news should sound like. The biggest stories of our time, told by the best journalists in the world. Hosted by Michael Barbaro. Twenty minutes a day, five days a week, ready by 6 a.m.

Crime Junkie

Crime Junkie

If you can never get enough true crime... Congratulations, you’ve found your people.

For You

    Music, radio and podcasts, all free. Listen online or download the iHeart App.

    Connect

    © 2022 iHeartMedia, Inc.