Property
Sponsored by
mansons TCLM

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

Brent Melville
Fri, 14 Jan 2022

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
Fri, 14 Jan 2022
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Technology
Ex-public servant Peter Crabtree to lead board of space tech startup Zenno
Ben Moore | Mon, 08 Aug 2022

The former head of the NZ space agency delved into the private sector after leaving the government last year.

Property
Vital Healthcare pushes NZ portfolio past $1b
Brent Melville | Mon, 08 Aug 2022

The specialist healthcare property trust has been actively adding NZ properties to its asset base, now valued at almost a third of its $3.3 billion portfolio.

Economy
NZ stuck on primary export path, says MBIE research
Jem Traylen | Mon, 08 Aug 2022

MBIE research shows we're world-class farmers so ... we should stay farming,  says MBIE.

Sponsored
Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).

Sponsored
David Kelly: 'We must learn from past mistakes'

The CEO of the Registered Master Builders Association calls for the government and the building sector to create more resilience.