06/10/2021
Banks will now have to apply a slightly tougher test on a borrower's ability to afford mortgage repayments.
If you were thinking of refinancing , now is the time before this takes effect. Contact us today !.
The banking regulator announces tougher serviceability tests for home loans, which will make it harder for some borrowers to get a mortgage, on the same day the Reserve Bank of New Zealand starts lifting its benchmark interest rate.