Credit bureau Veda says New Zealanders showing renewed confidence in borrowing for both homes and businesses
Posted in Business August 16, 2012 - 11:15am, Gareth Vaughan
Credit bureau Veda says mortgage enquiries rose 44% in July emphasising renewed confidence in borrowing for both homes and businesses.
Veda said for the first time in five years its bureau statistics showed a rise in commercial enquiries, which is "enormously positive" for the economy.
"Businesses owners require a level of confidence in future growth to borrow funds to invest in their operations and expand," Veda’s managing director John Roberts said. “Business has hung in through a slow economic recovery. An increase in enquiries is a welcome sign of emerging stimulation in the commercial sector.”
Roberts' comments are similar to those from ASB CEO Barbara Chapman. After the bank released its annual results Chapman told interest.co.nz ASB had grown business lending by 6% in the year to June 30,...
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It sure will, Denise. I've been trying to get the message out to everyone I can: get all your documents when you apply for a refin -
Confidence will head south when they start asking for their LOAN APPLICATION FORMS. Same Model used by Aussie linked banks in New