Reserve Bank Governor Alan Bollard believes easy access to home loans with low-or-no deposits will see NZ return to a debt-fuelled housing cycle and pull as back into another highly unfavourable economic climate as we climb out of the latest recession.
There have been signs of banks easing their lending standards in recent months, with some offering home loans at relatively high loan-to-value ratios.
Read this landlord.co.nz article here.
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