Househunters go into spending lockdown to secure loans - a podcast by RNZ

Wannabe homeowners are locking up their lives to try to increase their chances of getting a mortgage.
Banks are now tougher to convince with potential mortgage applicants now having to reveal more about their lives, spending habits and even medical costs.
Many have done this in response to recent lending law changes that targetted loan sharks but has ended up affecting everyone wanting a loan.
The Council of Financial Regulators is investigating whether recent changes have been implemented as intended.
Some names in this story have been changed for privacy reasons, so the coverage doesn't influence their chance being approved for a loan.
Jake McKee reports.

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