Westpac to start limiting lending against flood- and slip-prone property

Jenée TibshraenyWellington Business Editor·NZ Herald·10 Nov, 2026 04:00 PM4 mins to read‌A big swell hits the backyards of Te Awanga beach houses. Photo / Warren BucklandA big swell hits the backyards of Te Awanga beach houses. Photo / Warren BucklandWestpac is taking what it deems a “brave” step forward to reduce its exposure to residential property at risk of flooding and landslips.It is starting to limit the amount it will lend against individual properties deemed exceptionally risky. This means customers may not be able to borrow as much