What do the amendments to the “CCCFA” mean for borrowers?

CCCFA Amendments

  The Credit Contracts & Consumer Finance Act (CCCFA) is intended to protect vulnerable borrowers, and ensure that lenders adhere to responsible lending practices, provide the full disclosure of the true cost of the loan/credit facility they are taking out, and with recent amendments made, the Act continues to protect consumers from harmful lending practices.…

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Special Children’s Christmas Party

  Special Children’s Christmas Party 2021 Connect Me Mortgages is a corporate sponsor of Wellington’s annual Special Children’s Christmas Party, held at the end of November at Te Rauparaha Arena in Porirua, for children with special needs and their families.   The children invited to this special day are children in our community, who may…

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COVID-19 (Coronavirus) Update

  Last updated: 9/04/2020 Are you impacted financially by COVID-19? We have received questions from some of our clients that have faced uncertainty surrounding their job stability and income since the Government announcement of COVID-19 level 4. To help with the ongoing changes that mortgage holders are facing, we will be keeping this blog current…

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Easing of Loan-to-Value Ratio Restrictions

A few weeks ago, the Reserve Bank released their Financial Stability Report.  They advised that the risks in NZ’s financial system have eased.  Therefore, they are going to ease the current Loan-to-value ratio (LVR) restrictions that are in place for banks. The Reserve Bank introduced LVR restrictions for new mortgages back in 2013.  This was…

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