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What do the new DTI limits mean for me?
Starting on the 1st July 2024, new DTI rules will come into effect in New Zealand, and just like with any new banking regulation they'll bring with them big changes for different parts of the housing market. So here's how DTIs could impact you.
Opinion: The RBNZ has crossed a line with its new DTI limits
Ask the RBNZ, and it'll tell you it's putting DTIs in place to address concerns around affordability, and keep our financial system nice and stable. But Squirrel founder, JB, reckons the new rules are a ruse for the RBNZ to meddle where it shouldn't be - in wider housing policy.
A submission to the Reserve Bank on proposed DTI limits
The Reserve Bank recently asked for feedback on a new set of lending restrictions - DTIs - it's looking to introduce later this year. Here's what the team at Squirrel had to say as part of our submission.
The return of LVR restrictions
Banks were actually already lobbying the Reserve Bank to reinstate LVRs because of their concern about the speed with which house prices were rising and the frenzied level of market activity.
