By Gareth Vaughan
Government owned Kiwibank says it hasn't cancelled any pre-approved high loan-to-value ratio (LVR) home loans and is confident it won't need to despite rivals doing so to enable them to fall into line with Reserve Bank restrictions.
"No, we haven’t cancelled any and we currently have no plans to cancel any pre-approvals," a Kiwibank spokesman told interest.co.nz. "Kiwibank pre-approvals are valid for three months so as they expire we will assess our capacity to extend our commitment to our customers for another three months."
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