Kiwibank removes lending restrictions

Wednesday, October 17th 2012, 6:00AM

Kiwibank has this afternoon removed the equity caps on its special home loan rates. Borrowers no longer need 30% equity to apply for its six month, one year and two year rates which are all set at 4.99%. However the bank still deems them "strictly ‘limited" specials.

An interesting news story today is this: Life coach convicted of mortgage fraud

« Kiwibank removes special cap; BNZ says OCR can be loweredHousing market caught in vice »

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