Photo: RNZ
Anyone applying for a home loan now could face an extra wait for an answer.
Mortgage advisers say a busier-than-usual period for applications, coupled with the impending Christmas break, could mean a wait for some borrowers.
Glen McLeod, head of Link Advisory, said turnaround times were longer than usual.
"Some lenders paused pre-approvals in early December to focus on processing live deals. Recent cashback offers created a surge in refinancing activity, adding extra pressure on lender systems.
"If you apply now, approvals are likely to be scheduled for early 2026."
ASB said it had received a significant increase in home loan applicat
Continue Reading on RNZ
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.