Property

Leaky homes assistance available

From today the owners of leaky homes will be able to seek repair funding from the Government's leaky homes Financial Assistance Package.

Friday, July 29th 2011

"Now that all parties have agreed to the financial assistance package we will see more leaky homes fixed rather than homeowners spending thousands of dollars in costly litigation," said Building and Construction Minister Maurice Williamson.

Under the package, qualifying homeowners will receive a 25% contribution from the Government and may receive 25% from their local council, with the contributions based on actual repair costs.

However, homes over 10 years old remain ineligible for the assistance.

Qualifying claimants will also need to demonstrate they can pay their share of the repair cost and those signing up to the deal must forgo the right to sue councils and the Government.

"I'm proud that this Government has been able to deliver owners of leaky homes a positive, alternative way of getting their home fixed so they can move on with their lives," Williamson said.

Leaky homeowners who want to know if they qualify for the assistance package can visit the Department of building and Housing website at www.leakyhomes.govt.nz.

 

 

Next Article

Not coming up Trumps

Most Read

Unity First Home Buyer special 3.99
SBS FirstHome Combo 3.99
ICBC 4.25
TSB Special 4.39
Co-operative Bank - First Home Special 4.39
SBS Bank Special 4.49
Unity Special 4.49
ANZ Special 4.49
Westpac Special 4.49
Kiwibank Special 4.49
Co-operative Bank - Owner Occ 4.49
Kainga Ora 4.49
ICBC 4.59
ANZ Special 4.69
Unity Special 4.69
SBS Bank Special 4.69
Nelson Building Society 4.69
BNZ - Std 4.69
Wairarapa Building Society 4.79
Westpac Special 4.89
Kiwibank Special 4.89
Co-operative Bank - Owner Occ 4.89
ICBC 4.99
Kainga Ora 5.15
SBS Bank Special 5.29
Westpac Special 5.49
ASB Bank 5.69
TSB Special 5.69
BNZ - Std 5.69
AIA - Go Home Loans 5.69
Co-operative Bank - Owner Occ 5.69
Kiwibank Special 5.79
SBS Bank 5.89
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 5.65
Kainga Ora 5.69

More Stories

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.

Buyers sitting on the sidelines in best time to buy in a decade

Thursday, December 04th 2025

Buyers sitting on the sidelines in best time to buy in a decade

Stable house prices, low interest rates and plenty of houses to choose from are still not enticing buyers.

Differing views on 50-year mortgage

Tuesday, December 02nd 2025

Differing views on 50-year mortgage

US president Donald Trump recently raised the idea of 50 year mortgages; but New Zealand advisers say such long loans won’t take off in New Zealand.