Subscribe today - find out more
Why you should consider BusinessDesk
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.

Vocus-2degrees merger makes sense – can they make it work?
Peter Griffin | Thu, 20 Jan 2022

The question isn’t whether 2degrees and Vocus should come together. It’s how will this newly merged player give us the third strong market player we’ve long needed.

Primary Sector
Fonterra wants new capital structure in place by June
Rebecca Howard | Thu, 20 Jan 2022

Talks are underway between the government and Fonterra to hammer out the final details of the capital structure reform. 

Markets market close
NZ shares routed as ANZ forecasts OCR to hit 3%
Dan Brunskill | Wed, 19 Jan 2022

Just seven of the top 50 stocks gained today as traders and economists predict central banks will have to make radical moves to slay the "inflation dragon". 

How to pick the perfect real estate investment now

Now is a good time to get on the property investment ladder - here is how to get there.

Green energy for green farms and green trucks

Ballance Agri-Nutrients and Hiringa Energy are preparing to make green hydrogen to power trucks and produce sustainable farm fertiliser.