Debt to income ratio – will it affect you?

Dec 12, 2016 10:00:00 AM

There’s been quite a bit of media hype in New Zealand recently around the possible introduction of restrictions to lending criteria based on a buyer’s income. Called a debt to income ratio, the idea has been floated by the Reserve Bank of New Zealand in order to further address the supply and demand imbalance in our property market. Read on to find out how a debt to income ratio could affect you.

 


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Topics: Mortgages, Debt to Income Ratio, Reserve Bank of New Zealand