New lending restrictions to be imposed on Auckland property investors will not affect purchasers of Union Green residences.
The Reserve Bank announced last week that Auckland borrowers will have need a deposit of at least 30 % from October 1 for investment properties.
However as Union Green is a ‘new build’ it is exempt from these changes to the LVR and investors in this landmark development will not be affected.
This is great news and considering that you can borrow up to 80% (and in certain circumstances you may even qualify for up to 95%) it makes investing in Union Green even more attractive.
Call us today on 0800 227 377. There’s a good chance that it’s easier than you think to get into Union Green.Go