Finance

ASB processing home loans at fastest pace since 2017

Jenny Ruth
Tue, 20 Oct 2020

ASB processing home loans at fastest pace since 2017
Jenny Ruth
Tue, 20 Oct 2020
ASB Bank is processing new home-loan applications at a rate it hasn't seen for years, according to chief executive Vittoria Shortt."At the moment, we're processing home-loan applications at levels we've not seen since 2017 and the level of first-home buyers is much higher than before," Shortt told a Trans Tasman Business Circle Zoom event.The Reserve Bank removed loan-to-valuation-ratio restrictions in March when the coronavirus crisis began in earnest in New Zealand.Shortt's comments are in line with a spate of recent...

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