Landlord loan spree pumping up prices
Low deposit lending to landlords more than doubles; Banks scrambling to deal with massive volumes; ASB economist sees return of high LVR restrictions as inevitable
The TLDR version: Reserve Bank figures for September showed low deposit mortgage lending to landlords more than doubled from a year ago as they geared up their equity in other rental properties to take advantage of surging prices and untaxed capital gains. Banks are being swamped with applications and delays are growing. Banks are prioritising lower ris…
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