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Thread: Interest Rates

  1. #5531
    Join Date
    Jan 2010
    Location
    Hibiscus Coast
    Posts
    1,541

    Default

    Westpac might not be quite so generous going forward if the below article is anything to go by?

    http://www.interest.co.nz/property/9...d-brink-having

  2. #5532

    Default

    Any tenants in the properties listed in that article have a catch 22 problem coming. Looks like they would be entitled to all the rent they have paid, for living in their illegal accommodations, returned to them but if the mortgage's aren't being paid chances are TT orders would he ignored also. The tenants will be made homeless very soon as the banks take possession but if they stop paying rent they'll be in the wrong. The owners are obviously ignoring their obligations and pocketing the rent. Perhaps if rent payments stop it will flush out the owners or their heavy mob. I wonder how many more like this are out there?
    Last edited by Learning; 16-10-2017 at 01:30 PM.


 

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