ASB processing home loans at fastest pace since 2017

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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