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Aussie parents of NZ's major banks prepared to lend mortgage borrowers up to seven times gross income, which is more than UK, Canadian, Swedish and US banks will lend

Aussie parents of NZ's major banks prepared to lend mortgage borrowers up to seven times gross income, which is more than UK, Canadian, Swedish and US banks will lend

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2 Comments

UK,Swedish , USA , banks need to become more "sophisticated " in their lending to catch up to N Z then don't they 

 

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More debt to support consumption and the housing market. Banks need to double down on their lending otherwise, if everyone stops borrowing mortgages to the hilt to buy houses all at once, they'll be holding a pile of sh*t as collateral with huge price falls against their mortgages. "Say No to Lehman Events". 

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