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Westpac NZ cuts pre-approved mortgages

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Australian Broker | 15 Oct 2013, 04:00 AM Agree 0
Westpac New Zealand has confirmed it's withdrawing mortgage per-approvals for some borrowers
  • NoTimeLikeTheFuture | 15 Oct 2013, 09:41 AM Agree 0
    Strange rule this.. i.e. attempting to reduce demand and price pressure on housing by limiting the loans most needed by first home buyers.

    Wouldn't limiting the number of loans for investors work more towards that end?
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