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Easier to Borrow Money For Property Soon? National's CCCFA Revamp ⎜ Ep. 1640
Episode 1640
Published 2 years ago
Description
In this episode, we discuss National's pledge to revamp and rewrite the CCCFA (the Credit Contracts and Consumer Finance Act).
This law saw first-time home buyers being denied a mortgage because of gym memberships, Kmart purchases, and their coffee addictions.
But National wants to rewrite the law so more people can get a mortgage.
But what does it actually mean, and why did the new rules come in, in the first place?