David Windler: Mortgage expert says policy changes from the RBNZ could provide a helping hand to first home buyers

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Recorded26 Apr 2023

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Potential policy changes from the Reserve Bank could provide a helping hand to first home buyers. It's looking at tweaking the rule by which banks can only give 10 percent of new loans to borrowers with deposits under 20 percent. The Reserve Bank wants to increase that to 15 percent of new lending from the start of June. Mortgage Supply Co-Director David Windler told Kate Hawkesby it's good news for first home buyers. He says it's a small difference but its heading in the right direction, as finding the funding for first home buyers has been tough for a while. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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