Mon, 23 Dec 2013 12:16:03 GMT
New Zealand's low-deposit mortgage lending drops in November
Low-deposit homes lending in New Zealand measured as the high loan-to-value ratio mortgage lending (LVR) decreased further in November, a report published by the Reserve Bank of New Zealand showed on Monday. The country's high-LVR lending with exemptions dropped to 7% after falling 12.8% in the previous month, while excluding exemptions, the high-LVR lending slipped to 5.8% from 11.7% in