Bank Lending

Although the reserve bank removed the loan to value ratio (LVR) restrictions for 12 months, it is looking like banks may have tightened their lending policies since Covid-19

The removal of the LVR restrictions may have given false hope to first home buyers who have a low deposit. 

Since the Covid-19 pandemic hit the world we have seen share markets fluctuate which will likely have a detrimental affect on Kiwi Saver schemes.

First home buyers who may have been relying on these funds to help with a deposit may be disappointed. 

Don’t give up hope though…Mortgage Ladies & Co are here to help!

Please contact us for a no obligation chat about your finances and let us see if we can get you into your new home.