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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/

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Our Latest Blog Posts

Jul
01
Auckland, Takapuna: Mortgage broker Christine Lockie tells Radion New Zealand that Intentions by the Reserve Bank of New Zealand (RBNZ) to force banks to hold more capital for people with a less than 20 per cent deposit towards a mortgage will only hurt ordinary Kiwis.
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May
15
Takapuna, Auckland New Zealand: Press Release -- LoanPlan (Mortgages) Intentions by the Reserve Bank of New Zealand (RBNZ) to force banks to hold more capital for people with a less than 20 per cent deposit towards a mortgage will only hurt ordinary Kiwis.
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Apr
04
Home buyers are being squeezed out of the Auckland property market by developers, but with some thinking outside the square, home buyers can get into their own property.
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Feb
15
Three interviews with National Radio in the space of two weeks on the mortgage situation in New Zealand. Here's one of them...
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Jan
15
Banks still offering generous discounts on long term fixed mortgage interest rate deals – to the right borrowers – but rental oversupply and Auckland housing market growth means it won't last.
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Dec
10
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Auckland mortgage broker Christine Lockie talks KiwiSaver and first home deposits on National Radio.
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