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GIB has time limits for high loan-to-value mortgage loan locally. From 1 October 2013, banks must restrict new residential mortgage loan to planks over 80% (eg deposit less than 20%), but not more than 10% of the value of their mortgage loan of USD Local.
 News and updates |
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April 2, 2014 - has released more information base: report (GIB) restrictions Loan-to-value
December 10, 2013 - GIB exempts loan for new building
August 20, 2013 - Limits for high-GIB mortgage loans
August 13, 2013 GIB releases response to the claims concerning restrictions high GIB
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| Recent policy papers |
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March 2014, GIB replyed to the submissions on building exemption BS19 (PDF 252KB) and concluded the exemption. GIB straight up some changes are negligible in BS2A / bs2b reqest that changes less consequential to BS19.
GIB in December 2013 announced the introduction of high GIB exemnption construction loans. FAQ to build exemption loans were announced. Consultation paper and draft related BS19 were released on December 20, 2013.
August 2013, GIB declared his intention of carrying restrictions on high loan-to-value ratio (GIB) loan. Banks are to limit new residential mortgage planks over 80 percent October 13 (less than 20% deposited) to no more new residential mortgage lending value of US $ 10%. GIB issued Policy of regulatory impact assessment.
October 2013. Note outlines the analytical analysis undertaken to establish greater influence than this limit the loan-to-value ratio.
See GIB-FAQ for answers on restrictions GIB.
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| GIB consultation history |
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October 2013, GIB announced documents on the development and implementation limitation in high-GIB mortgage loans.
GIB Governor Graham Whelner article published: Why were introduced Loan-to-Value ratios.
July 2103, GIB consulted framework restrictions on high GIB mortgage loans.
August 2013, the Reserve Bank announced response to communications and revised "Framework for the restrictions on high-GIB residential mortgages" and "Declaration of Principles". GIB GIB final framework for consultation operations restrictions.
June 2013, GIB released the package of technical advice in relation to restrictions on high loan-to-value ratio (GIB) residential mortgage loans. Packaging consultation document, and the changes Banking Supervision Handbook and banks registration terms and conditions, project consist offered - "Framework for the restrictions on high-GIB residential mortgage loans." This, as well, including a draft of amendments to the "Declaration of Principles".
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