Christmas came early this year with the Reserve Bank, surprisingly, make some small changes to its LVR lending restrictions. They are only small, and more like tweaks than substantial changes, but they are welcome.
Also welcome is news that Debt to Income ratios won't be introduced any time soon.
This week is special too for RESIMAC which has just celebrated five years of operation in New Zealand. In our story here we have some interesting stats on what the lender has achieved in that time.
Last week I mentioned how digital tools are going to impact mortgage advisers. It is a theme you will, undoubtedly, hear a lot about next year. I recommend you have a read of this story to see what banks are thinking about and doing at the moment.
And finally it would be interesting to get your thoughts on LVR restrictions being eased. Do you think it will have much impact on your business? Email me here.
- Philip Macalister