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29 Mar 2024 20:36
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  •   Home > News > Business

    The Finance Minister's adamant new lending rules won't hurt first home buyers

    The Finance Minister's adamant new lending rules won't hurt first home buyers


    Grant Robertson this morning agreed to the Reserve Bank's plans on how it can crackdown on risky lending.

    It means there'll be less lending to those wanting to borrow incredibly large amounts of money to buy houses.

    The Reserve Bank's also been given the nod to look into debt-to-income measures and interest rate floors.

    But a key part of theagreement is making sure first home buyers aren't hit too hard.

    Robertson says there's no silver bullet when it comes to fixing housing issues - but it's important the Government gives the bank the opportunity to do this.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     29 Mar: Innovative New Zealand apple producing company Rockit is focussing on its international expansion
     29 Mar: Another pay offer is on the table for Police - after union members labelled the last one insulting
     28 Mar: Local councils are being challenged to back up rising debt with infrastructure revenue
     28 Mar: Employees are being reminded to know their rights and responsibilities this Easter
     28 Mar: The price gap between new builds and existing properties is starting to narrow
     27 Mar: A Bill passed in Parliament today will bring changes to the bright line test
     Top Stories

    RUGBY RUGBY
    The Chiefs are backing young first-five Josh Jacomb to step up in tonight's Super Rugby clash against the Crusaders in Christchurch More...


    BUSINESS BUSINESS
    New Zealand Food Safety is supporting Matakana Smokehouse in its recall of a specific batch of two of its salmon products because of the possible presence of Listeria More...



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