Housing: Cut-price mortgages - ASB Bank offers 1.79% for new build home loans
16 May, 2021 09:43 PM
2 minutes to read
Frances Cook and OneRoof s Need to Know series set the record straight on the home loan process.
Frances Cook and OneRoof s Need to Know series set the record straight on the home loan process.
ASB is to use cheap funding from the Reserve Bank to offer a cut-price mortgage to home builders.
The 1.79 per cent rate is available to those who build a new home from scratch or buy a home and land package.
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The rate is substantially lower than the one-year fixed terms at the other major banks which sit around 2.25 per cent although Heartland Bank last week announced a 1.85 per cent rate fixed for one year and a 1.95 per cent variable rate.
Blaming builders for leaky building scandal left bad taste for suffering homeowners, court told
17 May, 2021 12:51 AM
3 minutes to read
Too many homes across New Zealand have similar problems with Harditex for builders to be blamed, a lawyer says. Photo / 123RF
Too many homes across New Zealand have similar problems with Harditex for builders to be blamed, a lawyer says. Photo / 123RF
Blaming bad builders for a menu of leaky house problems has left a foul taste in the mouths of aggrieved homeowners, a court heard today.
About 1000 homeowners are involved in the $220 million class action lawsuit against Australian building materials company James Hardie.
Daily Monitor
Summary
Enjoy your weekend, while I go check whether my local supermarket is accepting cement in place of money!
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Brethren, welcome to May, my birthday month! Please contact my editor in case you are wondering how to send me your gifts of live goats, cows, chicken and cash.
Do you not just love it when your friends move a step forward in life? If you have friends who are in the process of building their own home, please indulge them when they talk passionately about the project.
Nod sympathetically when they tell you how they have just discovered their foreman has been conniving with some thuggish elements to steal their materials. Gasp along when they tell you how at the beginning, they would buy things at double the price because they simply had no idea. Forgive them when they cannot concentrate on talking to you because they are busy looking at paint samples and scrolling through Pinterest to get ideas.