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Signs the housing credit crunch might be easing

Author
Newstalk ZB,
Publish Date
Fri, 22 Jul 2022, 8:02AM
Photo / NZ Herald
Photo / NZ Herald

Signs the housing credit crunch might be easing

Author
Newstalk ZB,
Publish Date
Fri, 22 Jul 2022, 8:02AM

Signs the housing credit crunch might be easing a little.

A new survey of mortgage advisors by economist Tony Alexander has found banks are becoming more willing to lend funds, a stark turnaround to the situation a year ago.

Mortgage broker Bruce Patten told Tim Dower some banks are more willing to lend than others.

He says about half of banks are more willing to lend than others, and clients who are declined by one bank may be approved by another.

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