National roll-out for investor mortgage lending restrictions fairly straightforward, banks say

Fri, 08 Jul 2016

By Paul McBeth July 8 (BusinessDesk) - The country's banks should find it relatively easy to deal with a national limit on the level of low-equity mortgage lending for investors given they're already in place in Auckland, according to their national lobby group. Reserve Bank deputy governor Grant Spencer yesterday highlighted the persistent risk posed to the nation's financial system by the boom in property prices, with housing loans accounting for about 55 percent of lenders' total assets. Investors are seen as the biggest threat becaus...

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