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29 Sep 2021 13:04
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  •   Home > News > Business

    The Finance Minister's adamant new lending rules won't hurt first home buyers

    The Finance Minister's adamant new lending rules won't hurt first home buyers


    Grant Robertson this morning agreed to the Reserve Bank's plans on how it can crackdown on risky lending.

    It means there'll be less lending to those wanting to borrow incredibly large amounts of money to buy houses.

    The Reserve Bank's also been given the nod to look into debt-to-income measures and interest rate floors.

    But a key part of theagreement is making sure first home buyers aren't hit too hard.

    Robertson says there's no silver bullet when it comes to fixing housing issues - but it's important the Government gives the bank the opportunity to do this.

    © 2021 Newstalk ZB, NZCity

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