The earliest date the RBNZ could implement DTI restrictions on residential mortgage lending is likely to be March 2024.
November 11, 2022This is the second tranche of changes to the CCCFA regulations, which have been criticised for making it too difficult for borrowers to obtain loans.
August 9, 2022The LVR restrictions are aimed at mitigating economic and financial stability risks associated with a potential future housing market correction.
September 23, 2021The RBNZ will further restrict high-LVR lending, and also consider the use of DTI restrictions and interest rate floors.
August 3, 2021DTI limits will reduce the likelihood of mortgage defaults, the RBNZ said, expressing concerns that rising housing prices may present financial stability risks.
June 18, 2021The RBNZ may further tighten mortgage lending to guard against financial stability risks through adjustments to LVR restrictions.
May 6, 2021The RBNZ will likely use prudential tools such as the LTV limits, bank stress testing, and capital requirements to deter certain types of mortgage lending.
March 3, 2021Deputy governor Geoff Bascand says the financial stability risks now exceed those foreseen at the time of the RBNZ’s consultation in December.
February 10, 2021The RBNZ is concerned that increases in highly-leveraged borrowing, if continued, could lead to emerging risks to financial stability.
December 9, 2020The RBNZ intends to re-impose LVR restrictions on high-risk lending with effect from 1 March 2021 - two months earlier than originally anticipated.
November 29, 2020