Desperate first home buyer? Here's everywhere you can find help

Desperate first home buyer? Here's everywhere you can find help
Interest rates are rising, making it more difficult to pay mortgages. (Image: Getty)
Frances Cook
It’s been a rough ride lately if you’re a New Zealand first home buyer. There was already plenty to grumble about on the price front but through covid, prices shot up by eye-watering levels – 45% between 2020 and 2022. Then the Credit Contracts and Consumer Finance Act (CCCFA) was brought in. It created a legal requirement for banks to be tougher about who they lend to, and make sure the borrower could afford the loan. The result was a wave of stories of people being turned down for “irresponsible spending...

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