Share
The Cārvāka Podcast is a series of long-form conversations hosted by Kushal Mehra. The podcast covers a wide range of subjects where Kushal speaks with a wide range of guests to talk about sports, philosophy, public policy, current affairs, history, economics, etc.
…
continue reading
David Cunningham: Squirrel Mortgages CEO on the Reserve Bank easing loan-to-value-ratio restrictions
Manage episode 513609040 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
The Reserve Bank's continuing to change its approach to preventing risky lending.
It's further easing loan-to-value-ratio restrictions, allowing banks to lend more money to low-deposit borrowers.
It follows the roll-out of debt-to-income restrictions last year, restricting how much banks can lend to people who already have a lot of debt relative to their income.
Squirrel Mortgages Chief Executive David Cunningham told Mike Hosking LVRs had been imperfect on their own.
He says when property prices went up, it allowed banks to lend more, pushing up property prices further, with borrowers' incomes not factored in.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
8033 episodes
))
