Major bank clamps down on new build lending to investors ahead of LVR changes
16 Feb, 2021 04:00 PM
6 minutes to read
Loans for housing building are exempt from the loan to value ratio restrictions on bank lending.
Loans for housing building are exempt from the loan to value ratio restrictions on bank lending.
A major bank has stopped home lending to investors for new builds unless they have at least 40 per cent equity - that s despite new builds being exempt from lending restrictions. Last Tuesday the Reserve Bank confirmed it would bring back loan-to-value ratios for banks with most investors required to have at least 30 per cent equity by March 1 and 40 per cent by May 1.
Northland cinema struggling with falling numbers wants to avoid closing
10 Feb, 2021 04:00 PM
3 minutes to read
Anzac Theatre manager Vernon Woods is pleading with locals in Dargaville to support the cinema to keep it afloat.
Photo / Michael Cunningham
Anzac Theatre manager Vernon Woods is pleading with locals in Dargaville to support the cinema to keep it afloat.
Photo / Michael Cunningham
The only theatre in Kaipara could close unless more people start going to the cinema.
The Anzac Theatre in Dargaville like all cinemas throughout New Zealand has been hard hit by Covid and, although numbers have picked up slightly this summer, it is not enough to ensure its ongoing viability.
Not for Distribution to U.S. Newswire Services or For Dissemination in the United StatesAll figures in USD unless stated otherwise TORONTO, Feb. 6, 2021 /CNW/ - Halo Collective Inc. is delighted. | February 11, 2021