Breaking News: RBNZ Activates DTI Restrictions & Eases LVR Restrictions
From 1 July, the Reserve Bank of New Zealand (RBNZ) will be implementing the following changes:
DTI Restrictions Introduced
➖ 20% of new owner-occupier lending to borrowers with a DTI ratio over 6.
➖ 20% of new investor lending to borrowers with a DTI ratio over 7.
LVR Restrictions Easing
✔20% of owner-occupier lending to borrowers with an LVR greater than 80% (increased from 15%).
✔ 5% of investor lending to borrowers with an LVR greater than 70% (deposit requirement reduced to 30% from 35%).
If you are an investor or first home buyer with a low deposit, get in touch with adviceHQ to see how this helps you.
#adviceHQ #NZPropertyInvestor #FirstHomeBuyer #RBNZ #LVR #DTI
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