Home loan approvals have reached a post-LVR rule high, Reserve Bank data shows.
The loans for the week of November 29 were worth $1.150 billion nationwide, up from $1.128 billion the previous week and $923 million in the week of November 1.
That is the highest value since the rules were passed on October 1, restricting the amount of new lending banks can do to borrowers with small deposits.
For the week, there were 6574 home loan approvals, up from 6523 the previous week...MORE»
Tuesday, December 3rd, 10:28AM 1 comment
Westpac is offering a cash incentive to potential first home buyers as well as preferential treatment and special rates.MORE»
Tuesday, December 3rd, 10:26AM
Economists don’t expect an interest rate increase from next week’s official cash rate announcement, but they are hedging their bets when the rise will come.MORE»
A fall in the value of low-deposit lending has been offset by an increase in lending to borrowers with lower loan-to-value ratios (LVRs), new Reserve Bank data shows.MORE»
Kiwibank’s low-equity loan growth in the September quarter is in line with what would be expected of lenders preparing for new loan-to-value restrictions, a banking expert says.MORE»
Kiwibank has launched a mobile app where customers can seek home loan pre-approvals using their mobile phone. It says these applications will be treated exactly the same as those that come through any other channel.MORE»
Westpac home loan customers will be able to arrange mortgage top-ups via their mobile devices by March.MORE»