News | Business
5 Jun 2020 21:08
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • News
  • Sport
  • Weather
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   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.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     05 Jun: A reduced pay offer may yet be a stumbling block to completing the A-League football season
     05 Jun: Tower is refunding millions of dollars to customers for their car insurance
     05 Jun: New National leader Todd Muller is in Queenstown today - following on from wooing Christchurch business owners yesterday
     05 Jun: Queenstown Mayor Jim Boult agrees the tourism township is heading for 18.5 percent unemployment - but only if it does nothing
     04 Jun: A new survey of businesses who claimed the wage subsidy shows it was a lifeline for some workplaces
     04 Jun: An Auckland businessman's been put behind bars for smuggling nearly 20 million cigarettes into the country
     04 Jun: An look into the initial impact of Covid-19 on small businesses
     Top Stories

    RUGBY RUGBY
    Chiefs coach Warren Gatland knows all too well what it's like to welcome a veteran first-five into an environment More...


    BUSINESS BUSINESS
    A reduced pay offer may yet be a stumbling block to completing the A-League football season More...



     Today's News

    Entertainment:
    Robbie Williams dumped Ayda Field a number of times before they got married 20:45

    Entertainment:
    Carole Baskin has been granted control of Joe Exotic's Oklahoma zoo 20:15

    Law and Order:
    A person has died in a violent incident in Hamilton this evening 19:57

    International:
    Animal Crossing and beyond: Why people are falling in love with 'wholesome' video games 19:47

    Entertainment:
    Sharon Osbourne's brother has compared her to Hitler and Dracula 19:45

    Entertainment:
    Khloe Kardashian doesn't care what people think about her appearance 19:15

    Politics:
    A global survey has revealed alcohol consumption went down, during covid-19 lockdowns 18:57

    Entertainment:
    Lea Michele has been accused of making life a "living hell" for 'Glee' co-star Samantha Ware 18:45

    Politics:
    UN finds thousands killed with 'near impunity' in Philippines war on drugs 18:27

    Entertainment:
    Nick Cannon's children are "scared of police officers" 18:15


     News Search






    Power Search


    © 2020 New Zealand City Ltd