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2 banks in NZ tighten mortgage lending to non-residents

Fri, Jun 10, 2016 - 5:50 AM

Wellington

WESTPAC New Zealand and ANZ tightened lending to non-resident mortgage borrowers on Thursday, following the lead of their Australian parents, to reduce risk in New Zealand's booming housing market.

Westpac will no longer lend to non-resident borrowers paying off...

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