Viewing entries tagged with 'loans'

RBNZ decides to further extend the exemption from LVR rules for newly constructed homes

7 September 2016

New house buyers are going to be cut more slack by the Reserve Bank under the terms of the revised LVR rules coming into effect on October 1. Buyers will now have six months after a house has been built to buy it.>  

Mortgage arrears down but still billions in problem loans

19 August 2016

New Zealand homeowners with loans worth more than $3 billion have fallen behind on their mortgage payments.The big four banks had a total of $3.1 billion in past-due loans on their books in their most recent statements. These are loans that have not yet been classed as "impaired assets" by the banks - they still think they can expect to see repayments eventually.