Couple stunned as bank takes half of home sale profit without consultation
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.
Poll: Do you think banning gang patches is reasonable?
With the government cracking down on gangs, it is now illegal for gang members to display their insignia in public places whether through clothing or their property.
This means arrests can be made if these patches are worn in places like restaurants, shops, on public transport or ferries, and on airplanes. Arrests were made recently at a funeral.
Do you think this ban is reasonable?
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76.4% Yes
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22.3% No
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1.4% Other - I'll share below
What's your favourite recipe for courgettes?
Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.
Poll: Should all neighbours have to contribute to improvements?
An Auckland court has ruled a woman doesn’t have to contribute towards the cost of fixing a driveway she shares with 10 neighbours.
When thinking about fences, driveways or tree felling, for example, do you think all neighbours should have to pay if the improvements directly benefit them?
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82.1% Yes
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15.2% No
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2.7% Other - I'll share below
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