Tag: LVR Rules
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BNZ Update The LVR Rules For New Builds
When the Reserve Bank announced that the pending changes to the LVR rules for investors the banks all hastily started re-implementing the LVR criteria restricting investors to a minimum 30% deposit. On the 11th November the Reserve Bank stated that in December, they will consult about re-instating loan-to-value ratio (LVR) restrictions on high-risk lending with…
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Getting Approved Finance For Your KiwiBuild Home
The momentum is starting to grow with KiwiBuild Homes and we are starting to hear about the KiwiBuild projects with new homes starting to become available. We are seeing this Government talking of new KiwiBuild developments and how this is great for first home buyers that have been priced out of the market, especially in…
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Understanding How KiwiBuild Mortgages Work
We are hearing about KiwiBuild mortgages and getting asked questions from many first home buyers so thought we should clear up a bit of the confusion here. How The Term KiwiBuild Mortgages Started Kiwibank offers KiwiBuild mortgages … In an article run by the New Zealand Herald in August 2018 Kiwibank says it will let…
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LVR Restictions Allow New Build Exemption For Completed Homes
Restrictions on loan-to-value ratios (LVRs) are explained on The Reserve Bank website as temporary limits on banks to reduce the amount of low-deposit mortgage lending but to encourage the building of new houses they have also had some exemptions, now including a new build exemption for new houses that are being construction or are being…
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Less New Homes Being Built In Auckland
Latest updates just released by Statistics NZ show that there were 2550 new dwellings consented throughout the country in September, being; 1,892 houses 393 townhouses, flats, and units 206 apartments 59 retirement village units This level of consents is well down from the 2834 consented in August, 2811 consented in July and 2752 consented in June so there is…
