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Easier lending rules for homeowners hit by bad weather criticised

Financial Services Federation say the change will not help those who do not own their home.

Lending rules will be eased for homeowners in the upper North Island.

Brent Edwards Tue, 14 Feb 2023

The Government is making it easier for banks to increase lending to mortgage holders and those with temporary overdrafts who are affected by bad weather hitting the upper North Island.

But the Financial Services Federation does not believe the change goes far enough because it only benefits those

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Brent Edwards Tue, 14 Feb 2023
Contact the Writer: brent@nbr.co.nz
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Easier lending rules for homeowners hit by bad weather criticised
Politics,
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