That could make sense. The sentence in question doesn't seem to make that distinction, so it's still unclear to me! The quote only differentiates between "borrowers" in general needing a 20% deposit, and "property investors in Auckland" needing 30%. So what about the category first mentioned by the OP, which would be "owner occupied loan for migrants without PR." Seeing as the article linked above is targeted at that exact group, you'd think they'd mention any banking regulations specific to that category!Originally Posted by Oregonkiwi
Maybe it differs from bank to bank. I suppose we'll find out for ourselves soon enough.
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