RBNZ removes LVR (loan-to-value ratio) restrictions for 12 months – Effective tomorrow (1/5/2020) –

This is potentially beneficial for borrowers who have not had their incomes affected by Covid-19.

For existing investment properties – Investors may now be able to borrow more than 70% the value of the property (previously restricted to 70%).

For existing home owners looking to purchase another property, this will mean only requiring a 20% deposit instead of 30%.Feel free to contact me if you have any questions regarding this.

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