News

Mortgage deferral scheme extended to March

Monday 17th of August 2020

The scheme was due to expire on September 27, but has now been extended by more than six months amid the return of Covid-19 to the community and the recent outbreak in Auckland.

The extension applies to borrowers already on the scheme as well as new applicants.

Deputy governor Geoff Bascand confirmed the central bank had given guidance to allow lenders to offer temporary deferra...

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