English in talks with RBNZ over income-related loan limits to curb house prices

Home buyers could soon face a limit on how much they can borrow, based on their income, as officials look for new ways to control rampant house price increases.

Finance Minister Bill English has confirmed he is in talks with the Reserve Bank over introducing so called debt to income limits on mortgages. 

Home buyers could soon face a limit on how much they can borrow, based on their income, as officials look for new ways to control rampant house price increases.

Finance Minister Bill English has confirmed he is in talks with the Reserve Bank over introducing so called debt to income limits on mortgages. 

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