RBNZ green lights debt-to-income ratios
The central bank will also ease loan-to-value restrictions from July 1.
Deputy governor Christian Hawkesby said DTIs and LVRs were complementary tools.
Jonathan Mitchell
Tue, 28 May 2024
The RBNZ has green lit debt-to-income ratios – while it will also ease loan-to-value restrictions from July 1.
The new DTIs will limit the amount of high-DTI lending by banks.
As a result, the new DTI settings will allow 20% of new owner-occupier lending to borrowers with a DTI ratio over six; and
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Jonathan Mitchell
Tue, 28 May 2024
Contact the Writer: jmitchell@nbr.co.nz
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