Property

Lower-value leaky home claims to be fast-tracked

A $20,000 ceiling has been set for fast tracking Weathertight Homes Resolution Service (WHRS) claims.

Wednesday, February 28th 2007

Building and Construction Minister Clayton Cosgrove says claims under $20,000 will now be considered lower-value, and will be managed through a new, streamlined WHRS claims process.

This process will encourage fast resolution of claims informally through negotiation and mediation within set timeframes.
 
If settlement is not reached then an application can be made to the new Weathertight Homes Tribunal for adjudication based on the papers, unless a hearing is needed.

Cosgrove also announced that from 1 April 2007, claimants would be able to get a new, comprehensive, assessor report that would include potential as well as actual non-weathertightness damage repair costs.

The fees for a full assessor’s report are $500 for individual homeowners and $1500 for representative claims from multi-unit complexes. There will be no cost for an eligibility assessment report.

“New WHRS claimants and claimants yet to be decided eligible will be able to get these new beefed up assessment reports that can be used as expert evidence during the claims process,” Cosgrove says.

SBS FirstHome Combo 6.74
Heartland Bank - Online 6.89
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.55
SBS Bank Special 6.69
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
ASB Bank 6.75
Unity 6.79
Co-operative Bank - Owner Occ 6.79
SBS Bank Special 6.19
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
SBS Bank 6.79
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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