ASB whacks LVR limits on property investors

ASB whacks LVR limits on property investors
Paul McBeth
ASB Bank has got ahead of the curve introducing loan-to-value ratio restrictions on property investors ahead of the Reserve Bank’s planned March deadline.Chief executive Vittoria Shortt said lending has improved markedly since the first covid-19 lockdown in March, and the pandemic hasn’t hit the property market as anticipated.Loan applications are up 70 percent from a year earlier, and while some of that’s first-home buyers, Shortt said there’s also been a rapid rise in investor demand.“If this increase in investor...

More Finance

Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Oliver Lewis 17 Sep 2025
Phasing out $6b capital layer unlikely to dent banks’ ratings
Finance

Phasing out $6b capital layer unlikely to dent banks’ ratings

Banks’ credit ratings likely unmoved if Additional Tier 1 capital phased out. 

Andy Macdonald 17 Sep 2025