About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Wednesday, November 22nd, 12:34PM
rss
Latest Headlines

LVR restrictions to be reviewed

Reserve Bank has indicated that they will be reviewing the criteria for relaxing the loan to value (LVR) restrictions.  

At the press conference following the Monetary Policy Statement, RBNZ Governor Grant Spencer said this would be discussed at the Financial Stability Review on November 29.

When asked whether the housing market had moderated enough for the LVR to be relaxed. Spender reiterated that this would be assessed at the review stage.

He also said that the bank had been in consultation around the possible introduction of a debt to income (DTI) policy and how they would make it work.

“While it makes sense to have such a macroprudential policy in the toolkit, this issue of [whether to introduce this] will be addressed in a review that will be undertaken in the course of talks with Treasury next year,” he said.

The LVR restrictions were always meant to be a temporary measure, Spencer said, but any changes to the policy would be introduced incrementally. He indicated that these changes may happen over the next few years.

The RBNZ said that the government’s ban on foreign investment in the property market, along with the extension of the bright line test to five years and the abolishment of negative gearing will moderate investor demand and help to further soften the housing market.

Tags: LVR

« The Wrap: Has FSC launched a pre-emptive strike on the new adviser association?Advisers could do better by women: AMP »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • FMA pushes net returns over fees debate
    “Brent, You have said in the past you think that large pension funds are the best at investment decision-making. So...”
    7 hours ago by doomben
  • FMA pushes net returns over fees debate
    “I definitely agree with Brent here, and to quote one of my Morningstar colleagues believe the data "presents a false relationship...”
    8 hours ago by cdouglas
  • FMA pushes net returns over fees debate
    “Net performance over a short period of 10 years will throw up all sorts of nonsensical results. It does reinforce a chase...”
    12 hours ago by Steven Popodopolus
  • Stop filling out forms for clients: IFSO
    “Totally agree and especially applies to health declarations, as well as financial statements. Advisers can never presume...”
    13 hours ago by Referee
  • FMA pushes net returns over fees debate
    “Hi Doomben It seems silly to me for the following reasons: Firstly, your “burn client money” example is a classic...”
    13 hours ago by Brent Sheather
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 ▼4.95 ▼5.15 5.49
ANZ Special - ▼4.45 ▼4.65 4.99
ASB Bank 5.80 4.75 4.99 5.29
ASB Bank Special - 4.39 4.69 4.99
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.59 4.69 4.99
BNZ - Std, FlyBuys 5.90 4.99 5.29 5.59
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.45 5.50 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 5.00 5.20 -
Housing NZ Corp 5.79 4.75 4.99 5.29
HSBC Premier 5.79 4.19 4.29 4.89
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.95 5.15 5.49
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.55 4.65 4.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special 5.00 - 4.75 -
SBS Bank 5.89 4.99 5.19 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.59 4.69 4.99
Sovereign 5.90 4.75 4.99 5.29
Sovereign Special - 4.39 4.69 4.99
The Co-operative Bank - Owner Occ 5.75 4.55 4.69 4.99
The Co-operative Bank - Standard 5.75 5.05 5.19 5.49
TSB Bank 5.80 4.80 5.15 5.45
TSB Special - 4.55 4.69 4.79
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.99 5.19 5.44
Westpac - Capped rates - 5.26 5.36 -
Westpac - Offset 5.95 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 4.59 4.69 4.94
Median 5.82 4.78 4.99 5.29

Last updated: 15 November 2017 9:40am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com