1061 days ago

Couple stunned as bank takes half of home sale profit without consultation

Nicole Reporter from Dunedin News

A bank used half the profit from the sale of a Dunedin rental to pay down a mortgage on a couple's home – without consulting them.

“We never planned to be landlords,” Mike Bennett said of the couple's decision to sell their Forbury property before Christmas.

Bennett and his wife, Claire, had planned to use some of the $300,000 profit, after the mortgage had been settled, to renovate the home they lived in.

But days after the sale was completed, the couple received news from the bank that would change their plans.

Because of their change in circumstances – Bennett had changed jobs while his partner was completing a master’s degree – the bank advised it was effectively taking “a chunk of the proceeds”, Bennett said. Continue reading here.

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More messages from your neighbours
11 days ago

Poll: Would you rather: Christmas in summer forever or winter forever?

The Team from Neighbourly.co.nz

Just a bit of a fun poll to get you thinking.

If you had to live out your Christmas days, would you prefer it was a summer Christmas or a winter Christmas?

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Would you rather: Christmas in summer forever or winter forever?
  • 62.8% Summer
    62.8% Complete
  • 35.8% Winter
    35.8% Complete
  • 1.4% Other - I'll share below
    1.4% Complete
1995 votes
21 hours ago

What word sums up 2024, neighbours?

The Team from Neighbourly.co.nz

If 2020 was the year of lockdowns, banana bread, and WFH (work from home)....

In one word, how would you define 2024?

We're excited to see what you come up with!

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4 days ago

Best way to use leftovers?

The Team from Neighbourly.co.nz

I'm sure you've got some excess ham at home or cold roast potatoes.

What are some of your favourite ways to use leftover food from Christmas day? Share below.

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