Hi all, especially to those Wendy, Tash and Barbara met at the Rotorua Women’s expo in July. Congratulations to the winners of the goodie basket.
We hope that the information we provided to you is going to be of use to you when you next buy or sell your home or refinance your mortgage.
Don’t hesitate to contact us anytime. Wendy and the team at Rotorua 
Hey everyone just a quick note to let you know Kim will be on holidays from the 1/10/2010 back on the 11/10/2010 in my absence please contact the wonderful Wendy in our Rotorua office 0800 2 87878. Have fun
Hello all I read an interesting in article in the Australian Institute of Conveyancers NSW newsletter the other day about cheap conveyancing and settlement fees.
The Profession of Conveyancing is not opposed to competition on fees based on comparable services. The choice of a Conveyancer based on the fees has a corrupting influence in the market place.
Those that offer low fees in a Professional and Legal environment to win clients is stepping into dangerous territory. In most cases such Firms are cutting corners without the client knowing and putting the client at risk especially when a transaction goes pear shape, and this also has an impact on the other party acting on the other side of the dealing.
Service delivery to the client is greatly compromised. When someone is willing to pay peanuts you can guarantee they will be dealing with monkeys, and in the end will always wish they had engaged with a Professional.
The transaction should not be about the cheapest fee, but based on integrity, trust and honor. In consideration of the value of the dealing being settled.
Property Conveyancing Services Ltd prides it self on professionalism, service delivery, industry expertise and experience.
Would love your feed back and comments. Cheers Kim
Housing New Zealand and Kiwibank are working together to help Maori achieve home ownership on their multiple-owned ancestral land with the introduction of a new loan called Kainga Whenua.
If you have a right to live on multiple-owned Maori land (hold a license to occupy), a Kainga Whenua loan enables you to build, purchase or relocate a house on that land.
Kiwibank will approve and provide the loan, you will need to meet their standard lending criter1a as well as Kainga Whenua criteria. Housing New Zealand will provide lenders mortgage insurance to Kiwibank for the loan.
A Kainga Whenua loan is secured only against the house, not against the house and land as is the case with most home loans.
With a Kainga Whenua loan, Kiwibank can lend 100% of the house building costs or the purchase price of the house, upto $200,000.00 subject to conditions.
The conditions include obtaining a license to occupy the land, a valuation from a registered valuer and a satisfactory building contract. No deposit is required for a loan below $200,000.00.
Kainga Whenua loans are only available to those people who have no other access to finance to build or re-locate to or buy on their multiple-owned Maori land.
For further information about this loan please contact Housing New Zealand, Kiwibank or us for further information.
Comments and feed back welcome.
For any clients who have settlements up and coming in the Canterbury area and have financed through either the ANZ Bank or the National Bank should be aware prior to the draw down of any loan the Banks require the following:
1. Full replacement insurance without a 21 day stand down period.
2. A report from a structural engineer confirming the property hasn’t been damaged, unless the Bank advises otherwise.
3. Acknowledgement that the customer has received advice about their risks in buying a property at this time.
The 21 days stand down restriction on the insurance means a client won’t be able to make a claim for any damage caused by an earth quake within 21 day period from the date the insurance started.
We recommend all client’s contact their insurance companies directly to obtain further information.
Please leave your feed back and comments, or if you have any queries or questions please contact Kim 0800 2 87878.
