A major bank has hit the lending brakes, fearing it will breach its low-deposit lending limit.
Property investors with five or more rentals can, temporarily, breath a sigh of relief that their interest rates aren’t about to rise soon.
Reserve Bank governor Graeme Wheeler, today, dashed hopes that the bank would remove loan-to-value ratio (LVR) lending restrictions any time soon.
Like the BNZ, ANZ has described its results for the 12 months to September 30 as “solid”.
The Co-operative Bank’s interim injunction against the New Zealand Association of Credit Unions (NZACU) over the union’s decision to change its name to Co-op Money NZ has been rejected by the High Court.
Home loan rates don’t look like going up anytime soon following today’s official cash rate announcement from the Reserve Bank.
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