Effective immediately, the General Instructions to Lawyers for mortgages where the property is "held in trust" have been amended under section 5 "Insurance" which covers the issue of required insurance, this includes a new clause "If the property is held "in trust", ensure that the policy lis...
The Bank’s consultative document also attempts to make quite a bit of an argument that somehow LVR restrictions now can dampen the size of future “boom-and-bust cycles” in the economy, even going so far as to claim these incremental restrictions will improve the medium-term performance of ...