Activating DTIs and loosening LVRs
The New Zealand Banking Association (NZBA) wants the Reserve Bank to loosen proposed debt-to-income (DTI) restrictions because of the internal conservatism of some banks.
In a submission to the Reserve Bank on its DTI proposals, the association says there may be some impact to owner-occupier borrowers under the proposal of a DTI of six with a speed limit of 20%.
It says a higher limit at a minimum of 25% should be set for this borrower group to allow for additional bank conservatism.
The NZBA, which has 18 registered bank members, now supports DTIs...MORE»
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