It seems the banks are also responsible for a bit of pain.
Why is it NZers pay 2-3% premium (compared to US) for loans that are full recourse?
And the bank can recall the loan at any time.
It is about time these profiteering foreign owned bankers got reigned in a bit.
A small law change - perhaps targeted at residential property - would be to prevent banks recalling loans provided all interest payments are being made.
The first thing the banks will say is that they do this any way - so great - no reason not to change then.
Ask … Ask again … Ask again … And so on, until you become a genuine pain in the ask!