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21 Feb 2026 12:40
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      Home > News > Business

    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

    27 March 2020
    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.

    © 2026 Newstalk ZB, NZCity


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     Today's News

    		 Living & Travel:
    Some of the country's best track and field talent will be on show in Christchurch this afternoon as the city hosts it's annual International Track Meet 12:26

     Entertainment:
    Tommy Lee Jones' daughter, Victoria, died from the toxic effects of cocaine 12:17

     Cricket:
    Spinner Adam Zampa's rejecting any suggestion the Australia men's cricket team don't value the T20 format of the game 11:56

     Entertainment:
    Rumer Willis has claimed she works four jobs to provide for her little girl 11:47

     General:
    Winter Olympics 2026: Lindsey Vonn goes 'bionic' as the curling war of words continues — day 14 quick hits 11:26

     Entertainment:
    Shia LaBeouf has been accused of assaulting two men in a bar fight 11:17

     Law and Order:
    Four teenagers have been charged by New South Wales Police over the drive-by shooting of former NRL player Matt Utai in Sydney 11:06

     Entertainment:
    James Van Der Beek is unlikely to have had a "piece of the profit" from Dawson's Creek 10:47

     Law and Order:
    Auckland Council says current dog control laws are reactive - not preventative 10:46

     Business:
    A economist says New Zealanders appear to have gotten a spending hangover 10:26

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