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25 Feb 2026 12:49
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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

    		 Business:
    Critical support's rolling out to at-risk regional airlines - with Golden Bay Air announced as a first loan recipient 12:47

     Business:
    A sharp drop in alcohol production last year - although spirits had a small lift 12:27

     Entertainment:
    Akinola Davies Jr. dedicated his EE BAFTA Award for Outstanding Debut to immigrant parents who sacrificed everything to give their children a better future 12:21

     Wellington:
    A fruitful fan-funding exercise for injured Wellington Phoenix women's footballer Sabitra Bhandari 11:57

     Entertainment:
    Sinners' Wunmi Mosaku has won her first EE BAFTA Film Award 11:51

     Entertainment:
    Sean Penn was dec lared Best Supporting Actor at the 2026 EE BAFTA Film Awards 11:21

     International:
    Iran signs 'secret' $700m deal for Russian air defence systems, reports say 11:17

     National:
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     Environment:
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     Entertainment:
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