Search Blogs

NZRB 30% deposit disadvantages first homebuyers, mom and pops

The Reserve Bank restrictions that come into effect in October........ will also make it difficult for the average person........ even first home buyers. I have a lot of young couples as clients who have bought an in
The latest set of New Zealand Reserve Bank rules that will force residential property investors in the Auckland Council area to provide a deposit of 30 per cent from October, is another blow for first homebuyers and mom and pop Kiwis who are trying to sav… http://www.loanplan.co.nz/about-us/blog/nzrb-30-deposit-disadvantages-first-home-buyers-mom-and-pops/

You must install Adobe Flash to view this content.

Our Latest Blog Posts

Feb
11
A recent example where the bank declined a mortgage application from an Auckland man who works 60 hours a week shows that the banks are also taking lifestyle factors into consideration under the new 'Responsible Lending' regime.
Read More

Dec
03
Home buyers will need to demonstrate clean and disciplined spending habits over about 18 months to have every chance of getting a mortgage.
Read More

Sep
04
It is important that the growing number of first time home buyers in Auckland choosing the new build route to home ownership – as a means of bypassing the Reserve Bank’s loan-to-value ratio (LVR) restrictions – do good due diligence. Consider this...
Read More

Aug
24
Christine Lockie discusses the impact of investors on first home buyers in the New Zealand market.
Read More

Jul
20
Auckland, North Shore: The mortgage door has closed suddenly for some mum and dad property investors with less than 30 per cent equity following an announcement by ASB recently that it will issue no more pre-approved mortgages for property investors in the Auckland area.
Read More

Jul
10
Auckland – North Shore, Takapuna: Mortgage adviser and broker Christine Lockie talks to Radio New Zealand's Kate Newton about the realities of long term renting.
Read More

Get this feed