Credit rules change to make mortgages easier

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From March, borrowers will no longer be unfairly penalized when trying to get money to buy a house.

Trade and Consumer Affairs Minister David Clark.

The government is changing the credit rules that banks and other lenders must apply so that borrowers are no longer unfairly penalized when they try to borrow money to buy a house.

But the changes won’t take effect until March next year.

The regulations generated by the Credit Agreements and

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