By General
From 1 February next year, banks must limit high debt-to-income ratio to 20 per cent of new lending. The Australian Prudential Regulation Authority (APRA) is bringing in new lending curbs for high debt-to-income (DTI) mortgage lending to pre-emptively contain a build-up of housing-related vulnerabilities in the financial system. From 1 February, banks must limit home lending of six times income (or more) to 20 per cent of their new mortgage lending.
read more