NZ Banking Association figures show while many mortgage holders remain ahead with repayments, 1.4% are behind, while over 9000 bank customers applied for hardship status

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“Over 43% of home loan customers were ahead on their loan repayments, compared to 1.4% of home loan customers behind on their repayments. That shows that many people with home loans are managing relatively well. It means that those paying more than their minimum repayments likely built in a cushion in case their circumstances change.”

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