Low deposit home loan numbers on the rise

The number of people buying homes with a deposit of less than 20% is on the increase.

Banks are prevented from lending more than 10 per cent of their new loans to low deposit borrowers, which they say initially resulted in a drop because people thought they would be declined a loan.

The number of people buying homes with a deposit of less than 20% is on the increase.

Banks are prevented from lending more than 10 per cent of their new loans to low deposit borrowers, which they say initially resulted in a drop because people thought they would be declined a loan.

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