BNK Banking Corp has appointed its general manager, banking and wholesale at BNK Bank, Allan Savins, as the bank’s interim chief executive. Savins has been at BNK for three years. He is stepping in while the group finds a replacement for Brett Morgan, who left to take over at MyState Bank in October, after a little over a year at BNK. Kiwibank has told mortgage brokers it won’t accept any applications over 80 per cent LVR, even when homebuyers have an existing “approved preapproval” – leaving customers who had lined up a preapproval but had yet to find a property now unable to borrow as much money as they were planning on. It doesn’t apply to loans exempt from the Reserve Bank’s new loan-to-value (LVR) rules, such as new builds. “We will provide you with a list of these customers to confirm if the application will need to be cancelled. If you sent in a sale and purchase agreement after 5pm Friday November 12 we will not be able to proceed with that approval or property where more than 80 per cent lending is applied,” Kiwibank told brokers in a note, reported Stuff.