New Zealand banks reject home loans over spending on Christmas gifts and pets as tighter rules hit

Would-be home owners in New Zealand are being rejected by banks over minor spending, as tighter lending rules come into force, Photograph: David Gray/Reuters

Would-be home owners in New Zealand are being rejected by banks over minor spending, as tighter lending rules come into force, Photograph: David Gray/Reuters

source https://www.theguardian.com/world/2022/jan/17/new-zealand-banks-reject-home-loans-over-spending-on-christmas-gifts-and-pets-as-tighter-rules-hit