News
ANZ and NBNZ make borrowing harder
Thursday 27th of November 2008
The move is the latest by lenders in a deeply troubled market to tighten criteria and to increase the level of scrutiny applied to mortgage applications.
ANZ said, in a statement, that the changes reflected “the increasingly complex financial environment and the continued softening of the property market”.
“Other factors are also coming into play, including reduced consumer s...
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