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The country s largest home lender has announced a more strict lending policy for housing investors than that recommended by the Reserve Bank

Agreed that there will be balancing of OCR, FLP, LVRs and further QE. However, despite what Orr says about having no responsibility for housing, they will be acutely aware of the housing market as it is not in RBNZ interests to see housing instability and with its economic consequences. I don t rate Orr as a fool. The delay in LVRs until March has much to do with the current uncertainties around Covid risks and the risks to the economy; RBNZ seems prepared to wear increasing house prices in the short term (into the new year) to counter the current uncertainty and risk rather than having the uncertainties/fears generated by having LVRs on and then off.

ANZ now wants 40 percent deposits from property investors

ANZ now wants 40 percent deposits from property investors
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ANZ tightens lending to property investors to help bring balance to property market

ANZ tightens lending to property investors to help bring balance to property market © RNZ / Nate McKinnon © Provided by Radio New Zealand Generic exteriors of ANZ office Photo: RNZ / Nate McKinnon ANZ says it will now require residential property investors to have at least a 40 percent deposit, up from from the current 30 percent. There are no changes to deposit requirements for other residential buyers, including first home owners. ANZ managing director personal Ben Kelleher said the current rules favoured investors over first home buyers, and the change is a way to bring some balance back into the market. Escalating property prices are putting home ownership out of reach for many Kiwis. The current settings favour property investors particularly over first home buyers, potentially locking a generation of New Zealanders out of home ownership.

ANZ wants 40pc deposit from property investors

ANZ wants 40pc deposit from property investors 14 Dec, 2020 08:28 PM 3 minutes to read Frances Cook and OneRoof s Need to Know series set the record straight on the home loan process. Frances Cook and OneRoof s Need to Know series set the record straight on the home loan process. ANZ New Zealand has upped the ante for residential property investors increasing the minimum deposit to 40 per cent. The country s largest bank said the change would be effective immediately and was being undertaken to try and bring balance back to the housing market. The bank brought back a 30 per cent investor deposit requirement in November after the Reserve Bank signalled it would be bringing back bank lending restrictions dropped in April to help cope with the Covid-19 crisis.

NZ s biggest bank imposes stricter deposit requirements on property investors

NZ s biggest bank imposes stricter deposit requirements on property investors
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