Non-bank lenders poised to pounce on leftovers as new RBNZ restrictions loom

Tue, 19 Jul 2016

By Paul McBeth July 20 (BusinessDesk) - The Reserve Bank's new restrictions on highly-leveraged home loans are likely to be a boon to non-bank lenders, which make up a fraction of all mortgages but aren't covered by lending curbs on banks. The central bank expects a drop of up to 15 percent in the volume of home sales and reduce house price inflation by up to 5 percent when it introduces uniform restrictions on licensed banks' high loan-to-value ratio mortgages from September. The proposed changes would cap property investor loans with l...

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