Coffees, takeaways help slash $1.9b off new home loans

Coffees, takeaways help slash $1.9b off new home loans
Think hard how 'non-discretionary spending' will affect your mortgage application. (Image: Getty)
Brent Melville
Financial Advice New Zealand says recent strict consumer finance laws, on top of government housing policy changes, have dramatically undermined new home buyers’ ability to get home loans. Katrina Shanks, chief executive of the financial advisory sector’s mouthpiece, said home seekers are being “significantly disadvantaged” by the new requirements of the Credit Contracts and Consumer Finance Act (CCCFA). The CCCFA, which came into force on Dec 1, puts additional responsibility on lenders to determine affordabil...

More Economy

Restaurant Brands NZ's indy directors say low offer still tasty
Retail

Restaurant Brands NZ's indy directors say low offer still tasty

Below-valuation offer for Restaurant Brands NZ recommended by independent directors.

Staff reporters 28 Oct 2025
Labour's CGT: 'the moderates have won'
Economy

Labour's CGT: 'the moderates have won'

A 'first step' policy that may not raise much revenue.

Pattrick Smellie 28 Oct 2025
Under the bonnet of teachers' pay
Opinion

Cameron Bagrie: Under the bonnet of teachers' pay

Appropriate remuneration is essential to attract teachers. So what are the figures?

Cameron Bagrie 28 Oct 2025