All four main banks now restrict lending to property investorsDAVID GRAY/FAIRFAX NZ New Zealand's biggest mortgage provider is also slightly restricting owner-occupier borrowing. ANZ, BNZ and ASB have announced they will now only issue loans to property investors with at least 40 per cent deposit. New Zealand's biggest banks have clamped down on property investor lending. READ MORE: Westpac freezes lending to high LVR investors ahead of Reserve Bank restrictionsThe Reserve Bank announced this week it was consulting on a proposal to restrict banks to no more than 5 per cent of their lending to investors with less than 40 per cent equity. ANZ is also restricting lending to owner-occupiers slightly, with a new minimum of 15 per cent deposit, where previously it allowed 10 per cent for borrowers outside Auckland.

Source: Stuff July 20, 2016 23:26 UTC