Reserve Bank Removes LVR Restrictions for 12 months

  • May 02, 2020 NZST
  • Team Kalkine
Reserve Bank Removes LVR Restrictions for 12 months

 

The Reserve Bank of New Zealand agreed to eliminate mortgage loan-to-value ratio (LVR) restrictions for 12 months and the decision was intended to make sure that LVR curbs did not have an excessive impact on lenders or borrowers.

  • The decision was taken in line with its financial stability mandate
  • The decision is effective as of 1 May and the change will be made via a change in bank Conditions of Registration

 

 

 


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