Heritage Bank will resume investor lending, effective Monday, 9 October 2017.
We temporarily stopped accepting new applications for investment home loans from 1 September. This was to ensure we complied with APRA’s regulatory limitations on investment lending growth.
After monitoring our approvals and loan portfolio, we believe we are now able to comply with these regulatory requirements moving forward.
As a result, we have decided to resume lending to investors, both for principal and interest loans, and interest only loans.
We will continue to proactively monitor our growth and adjust our lending measures as needed.