RBNZ expects to see LVR impacts within 6 months, Spencer says

Thu, 12 Sep 2013

By Paul McBeth Sept. 12 (BusinessDesk) - The Reserve Bank expects to see the impacts of its restrictions on low equity home loans within six months, which it hopes will take the sting out of a heating property market in the country’s two biggest cities, Auckland and Christchurch. Its speed limits on high loan-to-value ratio home lending, which is essentially a loan of more than 80 percent of a property’s value, kicks in on Oct. 1, but it would be “well into next year” before assessments could be made, deputy RBNZ governor Grant Spencer told...

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