New Zealand banks reject home loans over spending on Christmas gifts and pets as tighter rules hit
Mortgage approvals have dropped from 30,000 a month to 23,000 as lenders apply stricter rules introduced in December
Source: theguardian.com
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New lending restrictions lock prospective home owners out of the market
Low-deposit lending restrictions and other lending law changes are locking prospective home-owners out of finance they would have qualified for weeks ago, financial advisers say.
Source: rnz.co.nz
New lending restrictions lock home owners out of the market
Low-deposit lending restrictions and other lending law changes are locking prospective home-owners out of finance they would have qualified for weeks ago, financial advisers say.
Source: rnz.co.nz
New lending laws a 'nightmare' for people seeking home loans
Why has it suddenly become so much harder to get a mortgage?
Source: stuff.co.nz
Missed debt repayments increased by 8 percent in November
More people are falling behind on personal debt repayments at the same time as demand for retail finance increases.
Source: rnz.co.nz