nzherald.co.nz
Shared publicly -New rules restricting low deposit home loans will now not apply to new home builds, the Reserve Bank has announced.
Reserve Bank Deputy Governor Grant Spencer says the bank has consulted with the building industry and banks on the impact of loan-to-value (LVR) restrictions on residential construction activity, and the exemption will help to support the supply of new housing.
Reserve Bank Deputy Governor Grant Spencer says the bank has consulted with the building industry and banks on the impact of loan-to-value (LVR) restrictions on residential construction activity, and the exemption will help to support the supply of new housing.
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