25 Aug 2015

Are banks making it harder for older clients to get home loans?

From Nine To Noon, 9:30 am on 25 August 2015

How much of a problem is it to get a mortgage if you're over a certain age? And what age might that be? Of course it's against Human Rights legislation to discriminate against someone on the basis of their age... but some people trying to get mortgages are finding it tough, even if they do have the right deposit. The New Zealand Bankers Association says it's not discrimination - but that banks need to ensure mortgages are sustainable and a recent law change means they need to be even more careful that they are lending responsibly. With Kirk Hope from the NZ Bankers Association and Ann Marie Coury from Grey Power.