Tenants will be hit harder by debt to income ratios - Property Investors Federation - a podcast by RNZ

from 2021-06-17T07:09

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Property investors believe tenants will be the ultimate losers from any new restriction on mortgage lending.
The Finance Minister has agreed in-principle to give the RBNZ powers to fix upper borrowing limits to income.
A debt-to-income ratio tool has the potential to cool a hot housing market.
It means a property buyer can only borrow up to a certain multiple of their income.
Property Investors' Federation chief executive Sharon Cullwick spoke to Corin Dann.

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