Media Appearances

Media Appearances

Stuff - Banks: Proposed home loan changes still won’t help

- “The Government’s tweaks to the CCCFA lending rules announced in March are just a band aid. We don’t think the tweaks will make a big difference for most borrowers. That’s because most of the existing requirements remain in place, meaning customers will still have to provide detailed information about their spending, resulting in a more... Read more »
Media Appearances

NZ Herald - Mortgage lending drops by a third, customers afraid of loan rejection as banks enforce CCCFA rules

- “The new rules have a one-size-fits-all approach for all lenders and all loan types and values, which has seriously impacted people applying for home loans. The new rules require banks to collect and verify much more information from customers, and the prescriptive approach means banks don’t have the same discretion or flexibility they used to.”