ANZ follows ASB to douse hot housing market

Fri, 13 Nov 2020

ANZ Bank has become the second bank to restrict highly leveraged lending to property investors after an announcement by ASB Bank last night.The Bank of New Zealand is still watching and waiting.“Today we’ve made the decision to increase the deposit required by property investors to 30 percent, up from the current 20 percent for new home lending applications from Dec. 7,” said Ben Kelleher, ANZ NZ managing director personal. “As a responsible lender it’s important for us to help customers make good borrowing de...

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