Further good news today! Both ANZ & Westpac are now pre-approving customers for finance in certain circumstances for loans above 80% LVR. Due to RBNZ restrictions all major lenders withdrew their pre-approvals in this space due to fears around over committing funds and breaking RBNZ rules. This meant that customers had to actually make an offer on a property without a clear idea of whether they would get finance approved. Obviously this was not ideal for the client, vendor or Real Estate agent as nobody had any certainty if an offer would proceed. This will once again make things easier and give confidence all round!
Posted on: Mon, 12 May 2014 22:20:55 +0000
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