More banks will increase investor deposit to 40pc, brokers predict
16 Dec, 2020 04:00 PM
5 minutes to read
Brokers believes other banks will follow the ANZ and increase the investor deposit requirement to 40pc. Photo / Michael Craig.
Brokers believes other banks will follow the ANZ and increase the investor deposit requirement to 40pc. Photo / Michael Craig.
It is inevitable that other banks will match the ANZ and increase their investor deposit requirements to 40 per cent say mortgage brokers. But the major banks say they currently have no plans to change the settings on their investor lending restrictions.
On Tuesday ANZ NZ - the country s largest bank - announced it would increase its deposit requirements from 30 per cent to 40 per cent for investors effectively immediately.