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

Interest rates are rising, making it more difficult to pay mortgages. (Image: Getty)

Tue, 24 May 2022

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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