Reserve Bank governor Adrian Orr said today the bank would ease its loan:value ratio (LVR) restrictions on banks’ new mortgage loans from 1 January.
The Reserve Bank confirmed yesterday that new rules will tighten restrictions on bank lending to residential property buyers throughout New Zealand.
The Reserve Bank said on Friday it was deferring the start of the proposed changes to investor loan:value restrictions (LVRs) nationwide from 1 September to 1 October, based on feedback from banks.
Published: 15 June 2005 One of the chief causes of complaint about the Resource Management Act, and about regulations generally, is that they hobble development: You can’t do what you want to do, it’s unfair, especially as you could do what you want to do in other countries. This complaint is quite separate from the […]