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24 Feb 2026 18:15
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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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