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NZ central bank sets new mortgage rules for lenders
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 categorie…
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