Mortgages in hardship rose 10% in April

Mortgages in hardship rose 10% in April - Centrix
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Man holding New Zealand currency notes.
The number of homeowners struggling to pay their mortgage increased last month but the situation is not as bad as first feared.
Data out from the credit reporting firm Centrix shows a 10 percent increase in the number of mortgages in arrears in April, taking the total to about 11,900.
The government-backed mortgage deferral scheme ended in March, prompting concerns that the level of arrears would rise sharply and possibly result in forced mortgagee sales.
However, Centrix managing director Keith McLaughlin said the outlook was not as bleak as first thought.

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