To all Auckland investors ASB & ANZ already started applying the 70% LVR rule, not waiting until 1st October.
I inquire with ASB and ANZ about topping up my existing loans to 80% LVR and they both advise that for new borrowing for Akl the 70% rule is already in place.
That's the situation at the moment in Akl, I'm considering topping up to 80% in away of line of credit in other major cities which I own in. This away the funds can be available but interest rate is only payable if a draw down the cash.
I inquire with ASB and ANZ about topping up my existing loans to 80% LVR and they both advise that for new borrowing for Akl the 70% rule is already in place.
That's the situation at the moment in Akl, I'm considering topping up to 80% in away of line of credit in other major cities which I own in. This away the funds can be available but interest rate is only payable if a draw down the cash.
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