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23 Oct 2025 10:52
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  •   Home > News > Politics

    Mortgage holders are being warned not to take a repayment holiday if they don't need it

    Mortgage holders are being warned not to take a repayment holiday if they don't need it


    Banks have confirmed they'll be offering mortgage payment deferrals of up to six months due to COVID-19.

    But interest will still accrue during this time.

    New Zealand Bankers' Association chief executive, Roger Beaumont, says a break from payments won't be for everyone.

    He says if you're on salary and your income hasn't been affected by COVID-19, this wouldn't be the best option for you.

    © 2025 Newstalk ZB, NZCity

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     22 Oct: Union delegates have given rousing testimonies to their fellow members on the eve of tomorrow's mega-strike
     22 Oct: Kiwis could save more than a thousand dollars on solar panel installation - under changes to requirements
     22 Oct: A financial commentator's urging the Government to stay the course on climate reporting rules - and not change them
     22 Oct: The stand-off between Silver Ferns coach Dame Noeline Taurua and Netball New Zealand has brought the government and opposition off the bench, calling for the impasse to end
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