Are you a property investor with five or more properties with one bank? If so you probably know you’ve been given a reprieve of six months from the RBNZ.
If you haven’t been aware of a new rule set by the RBNZ you’ve got time.
There are positives and negatives to this rule – often it depends on which side you’re on as to the weighting of pluses and minuses for you.
As the investor with the five plus properties with the one bank the immediate negative side is the work you need to do to assess the impact the rule has on your lending portfolio with the Bank.