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Real Estate Briefing - Categorized | Finance, Mortgage more

New Zealand banks ‘rationing’ lending for property buyers

Posted on 07 October 2008

From Propertywire.com: Property buyers in New Zealand, especially those who are self employed, are facing an uphill battle to secure a mortgage as lenders tighten their criteria even further.

Analysts believe that lenders are moving towards wanting a 20% deposit and it isn’t going to get any better in the foreseeable future. Even people with clean credit records who would normally have no problems obtaining a mortgage are being rejected….. Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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