Mortgage Lending Laws To Be Relaxed Further
Breaking news! Govt backtracks again on credit crunching CCCFA legislation:
• Narrowing the expenses considered by lenders to more explicitly exclude discretionary expenses;
• Reducing 'double counting' of expenses associated with revolving credit contracts such as credit cards and buy-now pay later schemes, and;
• Helping make debt refinancing or debt consolidation more accessible if appropriate for borrowers.
The proposed changes are in addition to the 7 July CCCFA backtrack.
#adviceHQ #MBIE #beehive #mortgages
Poll: Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝
There’s growing debate about whether New Zealand’s extended Christmas break (and the slowdown that comes with it) affects productivity.
Tracy Watkins has weighed in ... now it’s your turn. What’s your take? 🤔
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72.7% We work hard, we deserve a break!
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15.9% Hmm, maybe?
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11.4% Yes!
Brain Teaser of the Day 🧠✨ Can You Solve It? 🤔💬
How many balls of string does it take to reach the moon?
(Peter from Carterton kindly provided this head-scratcher ... thanks, Peter!)
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
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