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Jenee Tibshraeny: NZ Herald Wellington business editor on the increase in new lending going to first-home buyers with small deposits
Published 1 month, 3 weeks ago
Description
A record portion of new bank lending to first-home buyers is going to those with small deposits.
More than half of the $1.1 billion lent to first-home buyers in January went to borrowers with deposits of less than 20 percent, according to the latest Reserve Bank figures.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
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