With these changes to borrowing and lending on the way – refinancing, getting a mortgage, buying and selling property may come with new stresses. Our Quay Law lawyers have shared this article (originally sourced from stuff.co.nz ) with you as you may find it of interest. It would possibly be applicable if you are refinancing or buying/selling a property. Loan-to-value restrictions (LVRs) have been suggested as a solution to help cool the housing market down. Reintroduce house loan deposit rules At 9 am on Wednesday 17, the Reserve Bank has announced that it will be reintroducing LVRs for risky lenders as of 1st...

19 November, 2020