NZ Herald
Covid 19 coronavirus: Banks report 10,000 plus Kiwis seeking six month home-loan holiday
29/03/2020
Roger Beaumont, New Zealand Bankers’ Association chief executive, last week urged people to go online for information first after bank call centres were jammed with people calling through only to find long wait times.
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Good Returns
Banks roll out mortgage holidays
29/03/2020
Roger Beaumont, chief executive of the New Zealand Bankers’ Association, said: “While there are obvious advantages for people in need, repayment deferrals may extend the time it takes to repay the loan and will add interest cost
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NZ Adviser
Banks launch mortgage holidays, but they “may not be for everyone”
29/03/2020
Bankers Association chief executive Roger Beaumont warned anyone thinking of taking the mortgage holiday to carefully consider its costs, as interest would still accrue over the six months.
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Banks offer six month mortgage repayment deferrals
26/03/2020
New Zealand’s retail banks are offering to defer repayments for all residential mortgages for up to six months for customers financially affected by Covid-19. “We know that some customers are already being financially impacted by Covid-19 and have an immediate need. That’s why the banking industry as a whole is stepping up with this further...
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TVNZ
Banks confirm six-month mortgage payment deferral due to coronavirus – but interest still accrues
26/03/2020
“Banks will have different approaches to how they manage the process for customers to opt into a mortgage deferral – those details, including eligibility criteria, will be available on bank websites.”
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Interest.co.nz
Most banks set-up to receive mortgage repayment deferral applications online; Customers urged not to swarm call centres
26/03/2020
“It’s important to know that interest on these loans will still accrue, and deferred interest will be added to the principal amount of the loan.”
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Stuff
Requests for mortgage holidays pour in as Kiwis feel coronavirus strain
26/03/2020
“Anyone opting into a mortgage deferral needs to be clear about what this means for them. While there are obvious advantages for people in need, repayment deferrals may extend the time it takes to repay the loan and will add interest cost. So it may not be for everyone.”
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NZ Herald
Six-month home loan holiday: banks now ready but borrowers urged to be cautious
26/03/2020
“We know that some customers are already being financially impacted by Covid-19 and have an immediate need. That’s why the banking industry as a whole is stepping up with this further package.”
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RNZ
Mortgage holiday scheme begins today
26/03/2020
Bankers Association chief executive Roger Beaumont said the banks can now offer to defer mortgage payments of principal and interest for up to six months.
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Banking services open during level 4 lockdown
24/03/2020
All key banking services will remain available to customers during the alert level 4 lockdown the New Zealand Bankers’ Association confirmed today. “During the lockdown banks will balance managing public health requirements with the need to keep essential banking services available,” says New Zealand Bankers’ Association chief executive Roger Beaumont. “Cash will be available at...
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