ASB last major lender to impose restrictions on overseas property buyers

Mon, 13 Jun 2016

By Edwin Mitson June 13 (BusinessDesk) - ASB Bank is to impose new restrictions on overseas property buyers, the last major lender in New Zealand to do so. In a statement, the bank said: "Overseas income will no longer be considered in applications where the customer does not hold New Zealand citizenship or permanent residency. Where a customer does hold New Zealand citizenship or permanent residency, we will consider overseas income on a case-by-case basis subject to certain conditions." Applications from customers who aren't New Zea...

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