Interest.co.nz
Banks offering options for affected customers that will enable either a new mortgage deferral or extension to an existing deferral
17/08/2020
“Customers who can resume loan repayments should do so. Many customers have already restarted payments on deferred loans. That shows they understand the benefits of getting back on track if they can.”
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Next steps for loan repayment deferrals
17/08/2020
Banks are offering options to customers financially affected by Covid-19. Customers may be eligible for a new loan deferral for up to six months or an extension to their current loan deferral. There are several options available to customers, depending on their circumstances. Options may include customers restarting their loan repayments, moving to interest-only repayments,...
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NZ Herald
Covid 19 coronavirus: Health or security? The dilemma banks face over masks
16/08/2020
“But my sense would be that banks are being really pragmatic about this, that the advice is for health reasons so banks will be comfortable with people coming into a branch wearing a face mask.”
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NZ Herald
Mortgage deferral scheme to be extended
13/08/2020
Nearly 60,000 borrowers (59,885) had agreed to a deferral of payments on $20.2 billion of home loans, personal lending, credit card or overdraft debt as of June 30, figures from the New Zealand Bankers Association show.
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Stuff
1800 banking sector staff get pay rise as industry commits to living wage
27/07/2020
“As one of the largest industries in the country, we are showing leadership by committing to paying the living wage,” says New Zealand Bankers’ Association chief executive Roger Beaumont.
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TVNZ
Banking sector becomes first-Living Wage accredited industry, improving incomes of almost 1800 people
27/07/2020
According to the New Zealand Bankers’ Association (NZBA), the move will lead to nearly 1800 employees and contractors moving onto the living wage and gaining greater economic independence for them and their families.
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Stuff
Warning New Zealand’s housing market could face September crunch
27/07/2020
“Before making any decisions to extend mortgage deferrals banks will need to assess the customer need. It would also involve discussions with regulators and credit reporting agencies on any impact to responsible lending obligations and how the deferred loans are treated.”
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Banking becomes first living wage accredited industry
27/07/2020
Banking has become New Zealand’s first fully living wage accredited industry, leading to nearly 1800 employees and contractors moving onto the living wage and gaining greater economic independence for them and their families. As of today, all 17 members of the New Zealand Bankers’ Association, and the association itself, have been fully accredited. “As one...
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Stuff
Kiwis turn backs on mortgage repayment holidays
16/07/2020
“Banks are seeing customers who have deferred or reduced payments restarting their normal payments. That means people know what’s available when it comes to loan relief, and they also know why it’s a good idea to restart payments if they can.”
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Stuff
House prices dip across country in June, with Queenstown leading falls
07/07/2020
According to the New Zealand Bankers Association a total of 66,870 customers with loans totalling $21.3 billion had reduced their loan repayments since March 26, and a further 55,406 with combined loans of $19.5b had deferred all their loan repayments.
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