{"id":27403,"date":"2020-09-08T17:26:52","date_gmt":"2020-09-08T05:26:52","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=27403"},"modified":"2020-09-10T08:08:09","modified_gmt":"2020-09-09T20:08:09","slug":"times-up-banks-begin-contacting-deferred-mortgage-holders","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/times-up-banks-begin-contacting-deferred-mortgage-holders\/","title":{"rendered":"Time\u2019s up: Banks begin contacting deferred mortgage holders"},"content":{"rendered":"<p><strong>PHOTO: Australian Banks<\/strong><\/p>\n<p>Over half of the 900,000 loans that were deferred in Australia will be assessed in the coming weeks, as the six-month period winds to an end.<\/p>\n<p>According to the Australian Banking Association, banks have already started contacting customers to \u201cdiscuss the next stage of support and assistance.\u201d<\/p>\n<p>Among these, 260,000 deferred mortgages will be assessed before the end of this month, with a further 180,000 by the end of October.<\/p>\n<p>\u201cThe loan deferral measure offered to customers by Australia\u2019s banks has led to the largest ever customer contact process in the industry\u2019s history,\u201d said ABA CEO Anna Bligh, \u201cwith an additional 5,000 new or redeployed staff working to ensure customers understand their options.\u201d<\/p>\n<p>Their options include resuming repayments; restructuring their mortgages (\u201cincluding converting to interest only payments for a period of time\u201d); or being granted an extra four month deferral \u2013 which will be at the banks\u2019 discretion.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/eliteagent.com\/times-up-banks-begin-contacting-deferred-mortgage-holders\/\">ELITE AGENT<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Samantha Armytage sells her idyllic Southern Highlands cottage for a 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class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/times-up-banks-begin-contacting-deferred-mortgage-holders\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":7003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478111276,478098512,478111274,478104256,478098521,478098723,478108952,478098542,478098519,478098535,478098522,478111275,478099099,478101963,478098543,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098509],"class_list":["entry","author-data123nz","post-27403","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-anna-bligh","tag-australia","tag-australian-banking-association","tag-australian-banks","tag-australians","tag-banks","tag-covid-19","tag-home-loans","tag-home-ownership","tag-house-prices","tag-interest-rates","tag-loan-deferral","tag-mortgage-holders","tag-mortgage-repayments","tag-mortgages","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Time\u2019s up: Banks begin contacting deferred mortgage holders - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/times-up-banks-begin-contacting-deferred-mortgage-holders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Time\u2019s up: Banks begin contacting deferred mortgage holders - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Australian Banks Over half of the 900,000 loans thatRead More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/times-up-banks-begin-contacting-deferred-mortgage-holders\/\" \/>\n<meta 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