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Strict lending rules tweaked, giving first home buyers hope
RNZ - All Programmes
English - March 11, 2022 04:22 - 3 minutes - 3.47 MBNews Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
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It's hoped changes to contentious lending rules will be the break many first home buyers need.
Tighter lending restrictions were brought in late last year to crack down on predatory lending - but ended up locking many out of the housing market.
The government is now moving to tweak the legislation so takeaway purchases and Netflix subscriptions can't be used against prospective lenders.
Our political reporter Anneke Smith has more.