Banks Fight Over LVR Lending

ASB records 73% of June quarter residential mortgage growth from high LVR lending
August 19, 2013  By Gareth Vaughan

ASB has again recorded the lion’s share of its quarterly residential mortgage lending growth from loans where the borrower has a deposit equivalent to less than 20% of the property purchase price.

And Westpac has again posted the vast bulk of its growth from lending where the borrower has a deposit of at least 20%.


Just 3% of ANZ’s June quarter residential mortgage growth came from high LVR lending

The country’s biggest bank has recorded a 7% rise in June quarter profit and an increase of just 3% in the low equity portion of its residential mortgage book against a backdrop of possible temporary Reserve Bank restrictions on such loans.


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