The banking ombudsman has had 10 complaints about the loan-to-value-ratio (LVR) changes introduced on October 1, with eight related to banks withdrawing prior approvals.
A spokeswoman said they had been referred back to the banks to be dealt with internally. The ombudsman would then investigate if the complaints were not resolved.
Yesterday the Herald reported the story of a BNZ customer whose loan approval was revoked less than 24 hours after he was told it was valid.
Today two more disgruntled would-be homebuyers shared similar stories about their banks. Both spoke under the condition of anonymity.
An Auckland couple said they had received several reassurances from their bank that a three-month loan approval granted in August was still valid. They put in a $600,000 offer on an Otahuhu house that was verbally accepted. But the seller fell ill, delaying the signing of the deal. The couple then got a phone call from their bank saying their loan approval had been withdrawn.