April 18, 2017
The Reserve Bank has left official interest rates on hold at the monthly meeting today.
Official rates remain unchanged since August 2016, however banks and other lenders are lifing rates for both owner occupied and investor loans.
Significant increases on Investment and Interest Only loans have been advised by all lenders over recent times and some lenders are not accepting Investment Loan applications or refinances.
Fixed rate loans for investment lending have increased by up to 0.50%.
Now more than ever is the time for a review of your hoem and investment loans.