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Kumutoto Bay is a 10-minute boat ride from Picton, across Tōtaranui/Queen Charlotte Sound in Marlborough.
A developer who tried to stop the mortgagee sale of the bach he bought next to his Marlborough Sounds property has been ordered to pay nearly $80,000 to the finance company he used.
Simon Lydall Savill, whose family trust owned a beachside bach in Kumutoto Bay, near Picton, borrowed $850,000 from finance company AMFL in December 2018 to buy the bach next door. He was to repay it within five months.
But Savill, of Christchurch, failed to repay the loan in time. He claimed AMFL’s notice to repay was void, and refused to come to the door to accept the second notice delivered in March, saying he was starting lockdown early. The documents were then emailed to him. ....

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