Property Management

'Scam' costs couple's home

A Huntly couple say they're the victims of a finance scam which has cost them their house, their health and their good name.

Wednesday, November 26th 2003

All pensioners Ken and Colleen Wallen wanted when they borrowed $14,000 off Hamilton finance brokers Miles McKelvey and Arden Fatu two years ago was enough money to settle a few debts and buy a new car.

What they've got now is a $78,000 debt, no car and worsening health problems caused in part by stress.

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Unity First Home Buyer special 3.95
SBS FirstHome Combo 4.19
ICBC 4.49
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Co-operative Bank - First Home Special 4.55
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Kainga Ora 4.59
Unity Special 4.59
BNZ - Std 4.65
Co-operative Bank - Owner Occ 4.65
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ICBC 4.89
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Unity Special 5.09
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Kainga Ora 5.69
TSB Special 5.79
BNZ - Std 5.79
SBS Bank Special 5.79
Kiwibank Special 5.79
Co-operative Bank - Owner Occ 5.89
ASB Bank 5.89
AIA - Go Home Loans 5.89
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
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ICBC 5.39
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Kiwibank Special 5.65
Kiwibank 5.65

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