Reserve Bank to drop LVR loan limits
Fears coronavirus will decimate the housing market is causing the central bank to act.
Maria Slade
Tue, 21 Apr 2020
The Reserve Bank proposes axing its loan-to-value ratio (LVR) restrictions dictating how much people can borrow when they buy a house.
The move is in response to the economic downturn caused by Covid-19 and the likely severe impact on the housing market.
Currently, banks can lend no more than
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Maria Slade
Tue, 21 Apr 2020
Contact the Writer: maria@nbr.co.nz
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Reserve Bank to drop LVR loan limits
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