We have seen a tightening of two major lenders policy this week effectively restricting lending to overseas buyers and to investors building new houses and apartments. Some believe that this is because the banks are self regulating to appease the Reserve Bank so that they don’t act in a bid to slow the housing market. Unfortunately, the fall out from this will be that less houses will be built which certainly cannot be the desired result for the Government and the so called housing crisis .
If you feel these measures will affect you in any way, shape or form, please do not hesitate to call the team at Tony Mounce Mortgages.