Changes to lending restrictions are on the cards.

Finance Minister Nicola Willis is welcoming the Reserve Bank consulting with banks on easing loan to value restrictions from December.

The central bank's looking at increasing the new lending limit for first-home buyers and property investors.

Banking Association CEO Roger Beaumont says this is really good - and will give first-home buyers more flexibility.

"They're taking advantage of what I'd call the 'sweet spot' of softer house prices, combined with declining interest rates."

LISTEN ABOVE

Changes to lending restrictions are on the cards.
Finance Minister Nicola Willis is welcoming the Reserve Bank consulting with banks on easing loan to value restrictions from December.
The central bank's looking at increasing the new lending limit for first-home buyers and property investors.
Banking Association CEO Roger Beaumont says this is really good - and will give first-home buyers more flexibility.
"They're taking advantage of what I'd call the 'sweet spot' of softer house prices, combined with declining interest rates."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Roger Beaumont: Banking Association CEO on the upcoming changes set to impact first home buyers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c98eb335-18e7-4f8d-b707-b37600425ac9/transcript