South Auckland tenant awarded $7k over illegal bedroom, roof leak, no insulationIn a ruling by the Gisborne Tenancy Tribunal on December 12, Cottle was ordered to pay his tenant $3300 in exemplary damages for failing to insulate during the tenancy that ended in September, but as the tenant had failed to pay $6450 in rent, the landlord didn t have to hand over any money. Adjudicator K Goldsbury found Cottle s failure to insulate was an intentional act, saying there had been a lot of publicity during Cottle s ownership of the house advising landlords of their insulation obligations and the timeframes. To impose exemplary damages, a tribunal referee must be satisfied a landlord has committed an intentional act, Goldsbury said.
More banks will increase investor deposit to 40pc, brokers predict
16 Dec, 2020 04:00 PM
5 minutes to read
Brokers believes other banks will follow the ANZ and increase the investor deposit requirement to 40pc. Photo / Michael Craig.
Brokers believes other banks will follow the ANZ and increase the investor deposit requirement to 40pc. Photo / Michael Craig.
It is inevitable that other banks will match the ANZ and increase their investor deposit requirements to 40 per cent say mortgage brokers. But the major banks say they currently have no plans to change the settings on their investor lending restrictions.
On Tuesday ANZ NZ - the country s largest bank - announced it would increase its deposit requirements from 30 per cent to 40 per cent for investors effectively immediately.