First home buyers, investors gain as mortgage restrictions lifted

Thu, 23 Apr 2020

The property sector has broadly supported the Reserve Bank removal of loan-to-value ratio restrictions, saying it would open up opportunities for first home buyers and property investors. The proposal, which would see removal of LVRs for at least one year, is intended to help banks continue lending to customers in need of support, including mortgage payment deferrals. Bankers’ Association chief executive Roger Beaumont said the proposal aligned with other Reserve Bank initiatives to free up the financial system at this “extraordinary time...

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