26 January 2018
Dear Tamba Carleton
On 19 January 2018 you requested under the Official Information Act (the OIA):
“Could you please advise the total number of residential mortgage loans issued to first home buyers in
New Zealand that have a guarantor component for the most recent calendar year of available data.”
The Reserve Bank acknowledged your request on 19 January noting that we would
respond within 20 working days but no later than 19 February 2018.
The Bank then sent you a follow-up email asking for clarification on the “gaurantor
component” of your request. Your response read,
“I am referring to first home buyers who do not have the sufficient 20% deposit typically required by a
bank, and instead have their parent or guardian co-sign the loan application as a guarantor in order for a
bank loan to be issued.”
The Bank has conducted searches for the data you have requested. Upon consulting our
specialist statistics unit the Bank has concluded that we do not hold the information you
are seeking.
Decision
As such we are declining your request under section 18(e) of the OIA because, the
document alleged to contain the information requested does not exist or cannot be found.
Specifically to these grounds, the Bank is declining your request as the information does
not exist.
However, you may find that following link to our C31 – New residential mortgage lending
by borrower type of use. While it does not provide information specific to what you are
seeking, this is the closest data the Bank holds in regards to your request.You can find
more information at the below link.
https://rbnz.govt.nz/statistics/c31
The Bank considers this request closed
. You have the right to seek a review of the
Reserve Bank’s decision in relation to your request under section 28 of the OIA.
Yours sincerely,
Ngarangi Haerewa
Communications Adviser
2 The Terrace, PO Box 2498, Wellington 6140, New Zealand
Telephone 64 9 366 2643 Online a
t www.rbnz.govt.nz
