LVR restrictions are easing

The Reserve Bank of New Zealand’s announcement to remove loan-to-value ratio (LVR) restrictions as of today 1st May 2020, is a welcomed change that will allow many people who were previously locked out from purchasing a property to get a step on the ladder and purchase their first homes, as well as property investors looking to expand their portfolio.

Of course, we still need to wait and see how the lenders react to this news. Lenders will be looking for high-quality applications when it comes to those with a lower deposit, so it is important to speak to one of our team to make sure you are in the best position possible when your application is presented.

Get in touch with the team to see how we can help you.

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest

Leave a Reply

Your email address will not be published. Required fields are marked *