Property

Sinking house doomed from the beginning

Witnesses are lining up to give evidence against Palmerston North City Council in an attempt to help Coromandel Court home owners Barry and Sheryl McKay get their money back.

Wednesday, November 24th 2004

Former Palmerston North city councillor Les Baty says he is prepared to go to court to support the couple. He believes the housing development, off Featherston Street in Palmerston North, should never have been built.

Mr Baty - a councillor from 1989 to 2001 - has slammed the current council for its treatment of the couple, who are seeking to recover the cost of their $127,000 home.

The couple want compensation for their house, which is slowly disappearing into the ground because of subsidence on the site, which overlooks the Featherston Street Pit.

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Unity First Home Buyer special	3.95
SBS FirstHome Combo	4.19
ICBC	4.49
Kiwibank Special	4.49
Co-operative Bank - First Home Special	4.55
TSB Special	4.59
Kainga Ora	4.59
Unity Special	4.59
BNZ - Std	4.65
Co-operative Bank - Owner Occ	4.65
ASB Bank	4.65

Kiwibank Special	4.89
ICBC	4.89
Kainga Ora	4.95
China Construction Bank	4.95
Unity Special	5.09
Nelson Building Society	5.09
Westpac Special	5.19
TSB Special	5.19
SBS Bank Special	5.19
BNZ - Std	5.19
ASB Bank	5.25

Westpac Special	5.59
ICBC	5.65
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
Co-operative Bank - Owner Occ	4.99
Co-operative Bank - Standard	4.99
Heartland Bank - Online	5.30
ICBC	5.39
Kiwibank - Offset	5.65
Kiwibank Special	5.65
Kiwibank	5.65

Property

Sinking house doomed from the beginning

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