Mortgage Lending Laws To Be Relaxed Further
Breaking news! Govt backtracks again on credit crunching CCCFA legislation:
• Narrowing the expenses considered by lenders to more explicitly exclude discretionary expenses;
• Reducing 'double counting' of expenses associated with revolving credit contracts such as credit cards and buy-now pay later schemes, and;
• Helping make debt refinancing or debt consolidation more accessible if appropriate for borrowers.
The proposed changes are in addition to the 7 July CCCFA backtrack.
#adviceHQ #MBIE #beehive #mortgages
Poll: When should the tree go up? 🎄
From what we've heard, some Christmas trees are already being assembled and decorated.
What are your thoughts on the best time to get your Christmas tree up?
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4.8% Second half of November
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43.7% 1st December
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17.6% A week before Christmas
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32.8% Whenever you wish
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1.1% Other - I'll share below