The introduction of new CCCFA regulations on the 1st of December led the major Banks to take a very prescriptive view which has led to a partial paralysis of home…
The introduction of new CCCFA regulations on the 1st of December led the major Banks to take a very prescriptive view which has led to a partial paralysis of home…
Seeking Funding? From October 1 you'll need to provide additional information to your lender.. You'll need to describe any anticipated decline in income.(ie: having a baby) You'll also need to…
Today the Reserve Bank has announced the removal of the LVR restrictions which have been in place since 2013. The restrictions will be removed for 12 months. Given that the…
Today the RBNZ released a "consultation paper" about further lending restrictions being applied in attempt to slow down the price increases of the property market. The majority of Property Investors…
In a sign that the ANZ Bank views the property market as being "toppy" they have reduced the maximum Auckland property lending ratio to 85% (including the LEP fee's). Property…
Westpac has raised their LVR limit on Apartment Lending to 85% in the hope of attracting canny First Home Buyers. As always there’s some restrictions. • A minimum apartment value…
Following on from our post describing ASB's recent easing of home loan lending criteria, the ANZ has recently had an easing of their own in the area of over 80%…
In the past couple of weeks we have noticed senior bank staff in the newspapers indicating a willingness to lend. Further evidence of this is seen today with ASB easing…
Anz National Bank offered up some improved credit criteria a couple of days before Christmas. Having previously been very reluctant to lend over 80%, even for existing customers, they provided some…
Due to current market conditions there have been a number of reductions in levels that lenders are prepared to lend to. It has mainly been with the "Low Doc" or "No…