Westpac is taking steps to limit lending against 'risky' properties, particularly those in flooding and slip-prone areas.

This means customers will not be able to borrow as much as they wish to buy property that is particularly exposed to natural hazards in order to cut down on risks.

NZ Herald Wellington business editor Jenee Tibshraeny explains further.

LISTEN ABOVE

Westpac is taking steps to limit lending against 'risky' properties, particularly those in flooding and slip-prone areas.
This means customers will not be able to borrow as much as they wish to buy property that is particularly exposed to natural hazards in order to cut down on risks.
NZ Herald Wellington business editor Jenee Tibshraeny explains further.
LISTEN ABOVE

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Heather du Plessis-Allan Drive

Jenee Tibshraeny: NZ Herald Wellington business editor on Westpac looking to limit lending against flood and slip-prone properties

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9f43a1cb-6235-4dac-9b7b-b4ff00728063/transcript