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NZ central bank sets new mortgage rules for lenders

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Published Fri, May 29, 2015 · 09:50 PM

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Wellington

NEW Zealand's central bank has announced new mortgage regulations for lenders, requiring them to hold more capital against loans to residential property investors, in an attempt to curb risky lending as house prices hit record highs.

From Oct 1, residential mortgage loans will be broken down into investment and non-investment categories, the Reserve Bank of New Zealand (RBNZ) said on Friday.

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