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Landlords won t be regulated in property management licensing scheme
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Rents still rising as supply pressures remain
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Tenants will be hit harder by debt-to-income ratios - investors © RNZ / Nate McKinnon
Property investors say a debt-to-income ratio tool will limit the number of rental properties available.
Finance Minister Grant Robertson has agreed in principle to let the Reserve Bank limit lending according to a person s income, rather than letting them leverage off the value of their existing assets.
Robertson wants any upper limit to target the kind of borrowing terms typically only offered to investors - who often rely on existing assets, rather than income, to secure a mortgage to buy more property.
Property Investors Federation chief executive Sharon Cullwick says this will have a deterrent effect on landlords wishing to buy.
Photo: RNZ / Nate McKinnon
Finance Minister Grant Robertson has agreed in principle to let the Reserve Bank limit lending according to a person s income, rather than letting them leverage off the value of their existing assets.
Robertson wants any upper limit to target the kind of borrowing terms typically only offered to investors - who often rely on existing assets, rather than income, to secure a mortgage to buy more property.
Property Investors Federation chief executive Sharon Cullwick says this will have a deterrent effect on landlords wishing to buy.
She says while the main government objective is to help first-home buyers get on the ladder research shows only 25 percent of tenants could actually afford to buy their first home at the moment.
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