ANZ now requires 40% deposit for residential property investment loan

Share this & earn $10
Prosperity Finance_NZ Mortgage Broker
Published at : 16 Dec 2020
116 views
4
0

​ANZ has made a decision to decrease the LVR on Residential Investor Lending from 70% to 60%, effective today. We'll explain everything to do with this change and the impact on New Zealand housing marketing in this video.

Here is the announcement from the ANZ:​

"ANZ Bank NZ today announced it would require a 40% deposit from residential property investors as a step to bring balance to the housing market.

Effective immediately, investors will need equity of 40%, up from the current 30%, when borrowing to buy residential property. There are no changes to deposit requirements for other residential buyers, including first home owners.

ANZ Managing Director Personal Ben Kelleher said ANZ would also be recommending to the Reserve Bank of New Zealand (RBNZ) as part of the current consultation that loan-to-valuation ratios (LVR) be set at 60% for residential property investors, rather than the 70% that has been proposed.

“We’ve been closely monitoring the impact on residential property prices of historically low interest rates, reduced LVR requirements and existing issues with supply and demand,” Mr Kelleher said.

“Escalating property prices are putting home ownership out of reach for many Kiwis. The current settings favour property investors particularly over first home buyers, potentially locking a generation of New Zealanders out of home ownership.

“It’s in everyone’s interests for residential property prices to be sustainable long term, and for home ownership to be accessible to as many people as possible.

“As New Zealand’s largest home lender, decreasing the LVR on residential investor lending is one thing we can do to help bring balance to the residential property market.”

-----------------------------------------------------------------------------------
Other Videos You Might Like:

Loan to value ratio LVR restrictions for investment property return to 70%
https://www.youtube.com/watch?v=dibKkMH4xpM&t

Using equity to buy an investment property: what might delay your loan pre-approval?
https://www.youtube.com/watch?v=y0PlKK8RqJk

NZ Interest rates forecast for 2021 – Will interest rates stay low or back up?
https://www.youtube.com/watch?v=ULXUwxC29Fo

-----------------------------------------------------------------------------------
You can still follow me here:
As a subscriber of this channel, you are going to be the first to hear about the latest financial tips and the latest bank special offers. So subscribe to my channel right now.
https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA?view_as=subscriber

GET MORE PROSPERITY FINANCE!

As mortgage broker based in New Zealand (Auckland), we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer.

TONS MORE VIDEO NEWS & TIPS
http://prosperityfinance.co.nz/blog
TESTIMONIALS
http://prosperityfinance.co.nz/testimonials

-----------------------------------------------------------------------------------
LET’S CONNECT!
Prosperity Finance: http://prosperityfinance.co.nz/
Facebook: https://www.facebook.com/ProsperityFinanceNZ/
LinkedIn: https://www.linkedin.com/in/conniewang-profinance/
Instagram: https://www.instagram.com/prosperityfinance/
WeChat: XY_PAL
WeChat Official Subscription: xiaoyu频道

TALK TO US NOW!
Phone: 09 930 8999
Email: support@profin.co.nz
deposit for investment propertydeposit for investmentANZ

Little Mix - Notice (Audio)

Little Mix - Notice (Audio)

HILARIOUS GAME NIGHT #7! | Patently Stupid

HILARIOUS GAME NIGHT #7! | Patently Stupid

New WhatsApp stated video 2018

New WhatsApp stated video 2018

Grizzleboss Wackle Kitchen Completed

Grizzleboss Wackle Kitchen Completed

SO MANY CUSTOMERS!! || ROBLOX - Pembroke Pines, Florida

SO MANY CUSTOMERS!! || ROBLOX - Pembroke Pines, Florida

Филипп Киркоров. Демис Руссос – «Goodbye my love goodbye». Точь‑в-точь. Фрагмент от 01.01.2015

Филипп Киркоров. Демис Руссос – «Goodbye my love goodbye». Точь‑в-точь. Фрагмент от 01.01.2015

How to be an Effective Advocate

How to be an Effective Advocate

Could be 'dark and tragic times' in the next couple of weeks: Doctor on Covid-19 in El Paso

Could be 'dark and tragic times' in the next couple of weeks: Doctor on Covid-19 in El Paso

The Most Horrifying Randonautica Videos (Part 3) #Randonauting #Compilation #TikTok

The Most Horrifying Randonautica Videos (Part 3) #Randonauting #Compilation #TikTok

Get Motivated By These Amazing Fitness Transformations!

Get Motivated By These Amazing Fitness Transformations!

Experiment Car vs Grenade | Crushing crunchy & soft things by car | Test Ex

Experiment Car vs Grenade | Crushing crunchy & soft things by car | Test Ex

Johny Johny Yes Papa

Johny Johny Yes Papa

Prove That God Did Not Make Man From an Ape? || Dr Zakir Naik Greatest Answer in Hindi/Urdu Lectures

Prove That God Did Not Make Man From an Ape? || Dr Zakir Naik Greatest Answer in Hindi/Urdu Lectures

Do What You Want By Lady Gaga Ft. R.Kelly (Lyrics With Music)

Do What You Want By Lady Gaga Ft. R.Kelly (Lyrics With Music)

Rewarding or Unrewarding? - The Shadowlands Gearing Experience

Rewarding or Unrewarding? - The Shadowlands Gearing Experience

Peter Forsberg gets in disguise and fools Swedish veteran mens team

Peter Forsberg gets in disguise and fools Swedish veteran mens team

A group of guys get scared in VR.

A group of guys get scared in VR.

Top 50 Best Viral Videos Of The Month - October 2020

Top 50 Best Viral Videos Of The Month - October 2020

Filling Out A Form | The Savage Eye | RTÉ Two

Filling Out A Form | The Savage Eye | RTÉ Two

Science Bulletins: Acid Oceans

Science Bulletins: Acid Oceans

How To Increase Your Level Very Fast🔥 - Garena Free Fire- 24kGoldn - Mood ❤️ ( FreeFire Highlights )

How To Increase Your Level Very Fast🔥 - Garena Free Fire- 24kGoldn - Mood ❤️ ( FreeFire Highlights )

🙏 LiveStream for the benefit of my Tatay Berting 🙏  LS354

🙏 LiveStream for the benefit of my Tatay Berting 🙏 LS354

HUGE UPDATE:  Rent Assistance - FUNDS AVAILABLE This Week | How to Get Rent Assistance

HUGE UPDATE: Rent Assistance - FUNDS AVAILABLE This Week | How to Get Rent Assistance

Taiwan is a Country (even if you wish really hard it wasn't)

Taiwan is a Country (even if you wish really hard it wasn't)

Eagle Plucks Prey in Flight | A Perfect Planet | BBC Earth

Eagle Plucks Prey in Flight | A Perfect Planet | BBC Earth

Time To Leave California

Time To Leave California

Determiners and Qualifiers Correct uses

Determiners and Qualifiers Correct uses

How To Remove And Apply Silicone To A Bathtub

How To Remove And Apply Silicone To A Bathtub

Thank you Lord | Check out our experience | Super Shocking |

Thank you Lord | Check out our experience | Super Shocking |

The Top 100 Most influential philosophers of all time

The Top 100 Most influential philosophers of all time

Loy Krathong (Candle Lighting) Festival  in Sukhothai #famous#unique

Loy Krathong (Candle Lighting) Festival in Sukhothai #famous#unique

The Steeldrivers - The Price (Official Audio)

The Steeldrivers - The Price (Official Audio)

The Simple Invention That Saved NASCAR

The Simple Invention That Saved NASCAR

Operation Ouch - Alarming Allergies | Immune System

Operation Ouch - Alarming Allergies | Immune System

British Titles & Honours

British Titles & Honours

Adware and Spyware - CompTIA Security+ SY0-501 - 1.1

Adware and Spyware - CompTIA Security+ SY0-501 - 1.1

Searching for alien life in Mars photos

Searching for alien life in Mars photos

Posh Pre-Match Show ep. 7

Posh Pre-Match Show ep. 7

FPL GW19: TEAM SELECTION | Play the Bench Boost? | Double Gameweek 19 | Fantasy Premier League Tips

FPL GW19: TEAM SELECTION | Play the Bench Boost? | Double Gameweek 19 | Fantasy Premier League Tips

Cars Horsepower Comparison (ft. MetaBallStudios)

Cars Horsepower Comparison (ft. MetaBallStudios)

Which Cleansers work BEST? Gel, Cleansing Balms, Oils, Enzyme Powders & More!

Which Cleansers work BEST? Gel, Cleansing Balms, Oils, Enzyme Powders & More!

'A Simpler Life' by Ailin Bisi

'A Simpler Life' by Ailin Bisi

Double repayments to pay out mortgage twice as fast?

Double repayments to pay out mortgage twice as fast?

LUXURY STABLE TOURS || PATRIK KITTEL & LYNDAL OATLEY

LUXURY STABLE TOURS || PATRIK KITTEL & LYNDAL OATLEY

again&again - eighty-five

again&again - eighty-five

N1 Pressing: Vojin Mijatović (3.2.2021)

N1 Pressing: Vojin Mijatović (3.2.2021)

Focusing on Others

Focusing on Others

How to get the BEST WILD HORSES in Zelda: Breath of the Wild (NO AMIIBO)!

How to get the BEST WILD HORSES in Zelda: Breath of the Wild (NO AMIIBO)!

Nerve (2016) - I Was Hoping You'd Come Scene (2/10) | Movieclips

Nerve (2016) - I Was Hoping You'd Come Scene (2/10) | Movieclips