PHOTO: RICKY WILSON/STUFF All the big banks are granting mortgage holidays to families hit by big income falls resulting from the Covid-19 pandemic.

ASB has now granted around 2000 mortgage “holidays” to homeowners struggling after big drops in their incomes as a result of the national lockdown, and the decimation of industries like tourism, retail and hospitality.

It’s the latest bank to put numbers on the flood of customers thrown into financial turmoil by Government attempts to eradicate Covid-19. Across the big five banks the number of customers who have sought mortgage holidays now appears to be well over 30,000.

“We have seen a huge increase in our customers contacting us needing additional support over this time, said spokeswoman Holly Ryan.


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