First home buyers still a priority as loan restrictions loom, says Key

Mon, 22 Jul 2013

July 23 (BusinessDesk) – First home buyers remain “a priority” for the government and “all tools have to be considered” in balancing their needs with the Reserve Bank’s likely imposition of restrictions on home lending for buyers with small deposits, says Prime Minister John Key. Speaking to the Local Government New Zealand conference in Hamilton, Key appeared to accept the central bank was unlikely to heed his earlier call to exempt first home buyers from any restrictions on high loan to value ratio lending. But he stopped short of explicitl...

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