The Government’s cutting more red tape in housing.

They’ve announced changes to ease lending criteria for home and other loans, including reforming financial services and updating the Credit Contracts and Consumer Finance Act.

The time it takes to process loans will lessen and mortgages will be easier to access.

NZ Banking Association chief executive Roger Beaumont joined Mike Hosking.

LISTEN ABOVE

• Commerce and Consumer Affairs Minister: We want to allow lenders to give discretion in right situations
• Government to remove hurdles to getting a loan with another CCCFA change