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RBNZ indicates new mortgage lending rules will be less restrictive

Author
Newstalk ZB,
Publish Date
Wed, 6 Dec 2023, 8:31PM
(Stock photo \ Getty Images)
(Stock photo \ Getty Images)

RBNZ indicates new mortgage lending rules will be less restrictive

Author
Newstalk ZB,
Publish Date
Wed, 6 Dec 2023, 8:31PM

The Reserve Bank is downplaying the impact of new mortgage lending rules they might impose on banks.

It's given the banks until April 2024 to prepare for debt-to-income ratio restrictions to be imposed- but has indicated new changes will be too restrictive.

NZ Herald Wellington business editor Jenee Tibshraeny says DTI restrictions are unlikely to have too much of an impact on prospective borrowers.

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