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30 Jul 2021 18:39
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  •   Home > News > Business

    The Government's agreed to add debt-to-income lending restrictions to the Reserve Bank's toolkit..

    The Government's agreed to add debt-to-income lending restrictions to the Reserve Bank's toolkit..


    But, only on the condition it has minimal impact on first-home buyers.

    The move would cap how much someone can borrow based on their income.

    The Reserve Bank's been keen to add it for years -- but only now has the Government given the go ahead.

    Finance Minister Grant Robertson's agreed after advice given last month -- on the condition any implementation avoids impacts on first-home buyers.

    There's no immediate plan to use DTIs -- and it would only happen after a full public consultation.

    © 2021 Newstalk ZB, NZCity

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