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: Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝
There’s growing debate about whether New Zealand’s extended Christmas break (and the slowdown that comes with it) affects productivity.
Tracy Watkins has weighed in ... now it’s your turn. What’s your take? 🤔
-
73.4% We work hard, we deserve a break!
-
15.8% Hmm, maybe?
-
10.8% Yes!
Brain Teaser of the Day 🧠✨ Can You Solve It? 🤔💬
How many balls of string does it take to reach the moon?
(Peter from Carterton kindly provided this head-scratcher ... thanks, Peter!)
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
Want to stop seeing these in your newsfeed? No worries! Simply head here and click once on the Following button.
Celebrate in Style: Craft Your Own Decor with Testpots
Create handcrafted celebrations using Resene testpots. Find out how to create your own with these easy step by step instructions.
Loading…
