Banks are expected to be able to lend more to people with small deposits. Banks are allowed to lend up to 10 per cent of their total net new lending on mortgages to people with deposits that are less than a 20 per cent.
More low-deposit home loans expected
- By ampmweb
- May 12, 2014
- 2:48 am
- No Comments
Banks are expected to be able to lend more to people with small deposits. Banks are allowed to lend up to 10 per cent of their total net new lending on mortgages to people with deposits that are less than a 20 per cent.
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