• Investors now not only need bigger deposits to get loans on property – they are paying higher interest rates, too.

Loan-to-value restrictions were formally amended at the start of this month to require investors to have deposits of at least 40 per cent when they purchase properties.

But mortgage brokers say banks are now also clamping down on the interest rates they can offer them, and they are paying thousands of dollars more because of it.

They do not advertise split rates but are much more willing to negotiate on the rates charged to owner-occupiers, than they are for landlords.

READ MORE: Lending restrictions no hurdle to equity-rich Aucklanders


Landlords sometimes have to pay more than $1000 a year more for the same amounts of borrowing.