How do the new Reserve Bank of New Zealand (RBNZ) rules applying to Auckland property investment affect me?
Following a proposal by the Reserve Bank of New Zealand (RBNZ) on Loan to Value Ratio (LVR) restrictions in July 2016 loans for residential investment properties generally require 40% equity, however a lower equity level may be possible. Talk to us for full details.
Exemptions may apply. When a loan falls under an exemption, the loan is not included in the banks high LVR ‘speed limits’. If you would like to find out more about these exemptions and the restrictions applying to residential investment properties, talk to one of our Lending Specialists on 0800 100 600 or visit your nearest ASB branch.
In some circumstances, and depending on the type of loan, then that might be an option. You’ll need to show ...
Yes. ASB Asset Finance provides specialist equipment loans which use the equipment as the primary security.
What options do I have if I want to buy residential investment property and I have less than a 40% deposit?Following a proposal by the Reserve Bank of New Zealand’s (RBNZ’s) on Loan to Value Ratio (LVR) restrictions in July ...