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? 🤔
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73.8% We work hard, we deserve a break!
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16.2% Hmm, maybe?
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9.9% Yes!
Some Choice News!
Many New Zealand gardens aren’t seeing as many monarch butterflies fluttering around their swan plants and flower beds these days — the hungry Asian paper wasp has been taking its toll.
Thanks to people like Alan Baldick, who’s made it his mission to protect the monarch, his neighbours still get to enjoy these beautiful butterflies in their own backyards.
Thinking about planting something to invite more butterflies, bees, and birds into your garden?
Thanks for your mahi, Alan! We hope this brings a smile!
What are some of your Festive Tips?
We’re gathering the community’s very best festive tips, to-dos, and treasured traditions all in one cheerful place!
🎄 Got a shortcut that saves your sanity?
🎄 A recipe that must make an appearance every year?
🎄 Or a clever idea that makes the holidays smoother, warmer, or a whole lot more magical?
🎄 Got a time-saving holiday hack?
🎄 A tradition that fills your home with cheer?
🎄 Or a crafty idea that turns simple moments into magical memories?
Share your festive wisdom with your neighbours and help make this season brighter for everyone!
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