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Major bank clamps down on new build lending to investors ahead of LVR changes

Major bank clamps down on new build lending to investors ahead of LVR changes
16 Feb, 2021 04:00 PM
6 minutes to read
Loans for housing building are exempt from the loan to value ratio restrictions on bank lending.
Loans for housing building are exempt from the loan to value ratio restrictions on bank lending.
A major bank has stopped home lending to investors for new builds unless they have at least 40 per cent equity - that s despite new builds being exempt from lending restrictions.
Last Tuesday the Reserve
Bank confirmed it would bring back loan-to-value ratios for banks with most investors required to have at least 30 per cent equity by March 1 and 40 per cent by May 1. ....

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Facebook builds smartwatch with health features

Facebook Inc is building a smartwatch that will let users send messages and also offer health and fitness features, according to a report on the. ....

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America's Cup 2021: Weather conditions couldn't be better for weekend Prada Cup racing

North-easterly winds expected to hit Saturday afternoon. ....

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From the Archives – How To: StanceWorks Installs Air Lift Performance's 3H Digital Air Ride Management

From the Archives – How To: StanceWorks Installs Air Lift Performance’s 3H Digital Air Ride Management
The StanceWorks archives are full to the brim with articles, stories, and helpful pieces, each with history and heart, but many of them fall forgotten to time and the depths of the website itself. Today, we re diving into the StanceWorks Archives, bringing you one of our favorite how-to articles to date. We ve always sought to teach our audience something with every article, and our How-Tos give us the rare opportunity to focus on such an act. Don t forget to take a deep dive of your own, there s no telling what you may find buried within our pages. ....

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Connecting lives: Globe builds 39 new towers in 'underserved areas'

SunStar
+
February 10, 2021
MAKING true to its promise of bringing the digital lifestyle to all Filipinos, Globe has boosted its connectivity by installing 39 new cell towers in previously underserved areas in Mindanao, North Luzon, South Luzon and Visayas.
These newly installed cell towers in 23 provinces and one city will further improve the call, SMS and data experience of more than 100,000 current Globe and future customers as demand for connectivity continues to rise especially in areas where so many households depend on the internet for work-from-home and distance learning requirements.
“This is just the start because Globe recognizes the value of connectivity as the rest of the country continues to cope with the demands of the new normal. Our aggressive network builds and investments in areas that matter to us, where our customers need the service they deserve, will continue in 2021. Our rollouts in previously underserved areas will set t ....

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