His weekly mortgage payment hit $1000 a week. It was the last straw
About 80 per cent of fixed-term loans due to reprice in less than two years.
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Latest fromMortgages
Rob Rattenbury: Every politician has their day
OPINION: Politicians come and go, they have their moments in the sun then usually fade.
Serepisos-linked home goes to reserve-free mortgagee sale
Family home of former Apprentice host put on market after liquidation of owner.
Editorial: Signs of economic recovery
OPINION: The economic news has been looking brighter in the past few weeks.
Business confidence bump expected on election result but no quick fix for economy
Inflation and the fiscal deficit will remain big challenges for the incoming Government.
The Ex-Files: Buying property with a friend? How to avoid a bust-up
A legal agreement can protect both parties involved.
Lawyers complain about building WoF change, MBIE hits back
Lawyers v MBIE on building WoFs: what's behind dispute between the two?
Christopher Niesche: RBA’s rate hikes finally starting to bite
OPINION: RBA says many households are experiencing a "painful squeeze on their finances".
Editorial: Never mind the politics, global forces rule NZ's economy
OPINION: Kiwis flatter themselves with the idea the economy is under our control.
Pre-Christmas rate hike less likely but prospects of OCR cut more distant?
OPINION: Hawkish, dovish, or a bit of both? The RBNZ continues to watch and wait.
Will Reserve Bank lift interest rates again? Last call before election...
Can the RBNZ stick to its earlier call that the OCR has peaked?
‘Be careful what you wish for’ as property market thaws out - economists
New mortgage lending up 7 per cent between August 2022 and August 2023.
Kiwibank lifts mortgage rates as all eyes go on next OCR move
Last week's strong GDP raised expectations mortgage rates would continue to climb.
Woman given four hours to leave home she owned in holiday park
Evicted then trespassed: 'I had to pay for the site, for a house I couldn't live in'
Jenée Tibshraeny: Are all these mortgage rate hikes justified?
ANALYSIS: It takes just one big bank to hike rates for the others to follow.
Cooking the Books: What to do if you’re feeling the mortgage pain
When interest rates are so high, there are tactics to make the mortgage pain more bearable
The Conversation: If it looks like debt, let's treat it like debt
OPINION: What price might these buyers be paying for the convenience?
Matthew Hooton: National’s tax plan is a cynical con job
OPINION: Savings must be used to repay our growing debt, not to buy off voters.
Borrower pain hits five-year high: Who’s being hit the hardest
There's also been a jump in Kiwis taking out new credit cards.
Liam Dann: Nats' tax plan looks like a vote-winner - but is it good for the economy?
OPINION: As the economy slides into recession, all tax cuts are risky.
Biggest stories of the week: Mama Hooch rapists, mortgage worries and our World Cup legacy
Plus, do we need to rethink our gambling legislation?
Editorial: Medicine working but it's a bitter pill
OPINION: Retail spending is down and a rising number of businesses are going under.
Third major bank hikes mortgage rates this week
Westpac is lifting its mortgage and term deposit rates from tomorrow.
Expensive mistakes to avoid when refixing your mortgage
Could end up costing you thousands of unnecessary dollars every year.
Ellerslie building investment scheme cops auditor flag, then renews loan
'Significant doubt on the company’s ability to continue as a going concern': BDO warning
Rates and regrets: Adrian Orr in his own words
What the mortgage-free Governor wants you to know about the economy.
ASB boss: Interest rate pain will emerge over time
Mortgage rates north of 6 per cent are yet to be felt by around half of ASB customers.
Mary Holm: Should I pay off the mortgage or put all my money into KiwiSaver?
OPINION: When the division of an estate comes between families.
Borrowers forced to dig deeper as home loan test interest rates jump again
One bank is now testing at over 9 per cent.
Nation of Debt: Kiwis putting more on the plastic to cope with the cost of living
How the economic slowdown is stretching household budgets.
Nation of Debt: $63b down, farmers struggling to break even
Farm debt has come down but rising costs and a falling milk price are piling pressure on.
Westpac, several smaller banks lift home loan rates - again
More banks have announced changes to their home loan rates.
Mary Holm: Decaying house, no cash for repairs - how to patch up the financial damage?
OPINION: The owner is 63, his carer and sibling - with no ownership of the home - is 60.