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.
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Poll: Should we ditch daylight saving? 🕰️
First introduced in New Zealand in 1927 with the passing of the Summer Time Act, it's what we know as 'Daylight Saving' and this year it ends on the first Sunday in April.
While we do get to sleep in this time around, some people would like to scrap the clock tinkering for good.
And why? Some evidence suggests the time changes are bad for our health as they mess with sleep patterns leading to short-term fatigue and affecting mood. Meanwhile the hour change is frustrating for farmers and a nightmare for getting the littlies to sleep. But what's your take?
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40.6% Yes - get rid of the clock changes
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57.5% No, I enjoy it
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1.8% Other - I'll share below
Alan and Hazel Kerr share Senior New Zealander of the Year Award 2026
Dr Alan and Hazel Kerr describe themselves as ‘just ordinary old Kiwis’, despite being named as the 2026 Ryman Healthcare Senior New Zealanders of the Year Te Mātāpuputu o te Tau.
The amazing couple prompted a standing ovation at a star-studded Auckland event which recognised their tireless efforts, with Alan travelling to and from Gaza and the West Bank 40 times to help children over 20 years, and Hazel travelling 20 times.
Click read more to find out more.
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