Government needs to finalise guarantee for banks on leaky home loans to break log-jam, home owner says

Interest.co.nz

Alex Tarrant

10.12.2010

Rather than a government guarantee for the extra loans to repair leaky homes, the proposal would be more like a loss-sharing arrangement between government and banks. The proposed legislation lacks clarity on how a ‘government guarantee’ would work. Home owners share banks’ concern about this lack of detail and clarity