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Mortgages

Mortgage Rates Daily Commentary
Thursday 28 March 2024  Add your comment
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Kerry Buddle pleads guilty to non-broking related charges

Former mortgage broker Kerry Buddle has pleaded guilty in the Wellington District Court to four charges of obtaining accommodation by deception and is likely to be sentenced to community work, according to the Stuff website.

Thursday, August 9th 2012, 10:03AM 6 Comments

The Kapiti Coast-based Buddle, 31, who has been remanded on bail until October for sentencing, was charged after a police investigation into complaints by her clients that they persuaded them to mortgage their properties and lend her the money.

The clients allege the money hasn't been returned but police laid no charges over their allegations.

Instead, the deception charges relate to Buddle staying in motels without paying.

Judge Bruce Davidson has ordered reparation and victim impact statements.

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Comments from our readers

On 9 August 2012 at 10:26 am James said:
So when are the poor victims that lent Buddle the money going to get it back from her? Why are the police not charging her with those offences?
On 9 August 2012 at 10:38 am Jeff Royle said:
So it looks like she'll get away scott free?
On 9 August 2012 at 10:52 am Jason said:
The legal system in this country needs to start sending a message to "white collar"criminals" by issuing more jail sentences.
On 9 August 2012 at 1:46 pm Andy said:
And the new legislation, disclosure statements and 6 step processes, protect the clients how???
On 9 August 2012 at 1:58 pm Kapiti Coast Broker said:
So, Buddle's staying in motels without paying is seen as more severe offending by the police and warranting prosecution than her swindling former mortgage clients out of hundreds of thousands of dollars??? If this horrible lady ever gets held to account for her past actions then it will eventually come to light also that OnePath continued to deal with Kerry Buddle for insurance after ANZ Bank (who owns OnePath) had refused to deal with her for mortgages.

I truly hope the police and courts eventually charge Buddle for the offenses she has committed upon former clients. She needs to be held account for her actions and as Jason says a message must be sent to others in the industry.

I look forward also to hearing why one of New Zealand’s biggest life insurance companies continued to accept business from her when the bank that owns them had already refused to deal with her?
On 9 August 2012 at 5:54 pm Jenny Twist said:
Hey to everyone out there posting comments on Buddle I am one of the victims and believe me the Police are still working on this and that's why at present these charges have not be laid against her until Police have finished their investigations.

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.24 6.79 6.65
ANZ 8.64 7.84 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.24 6.79 6.65
ASB Bank 8.64 7.24 6.79 6.65
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.24 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.84 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 7.04 - -
Co-operative Bank - Owner Occ 8.40 7.24 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.74 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.69 6.45 6.19
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.75 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.39 7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.25 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.25 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 ▼8.09 ▼7.59 ▼7.29
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 ▼9.09 ▼8.59 ▼8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.84 7.45 7.25
SBS Bank Special - 7.24 6.85 6.65
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.74 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.04 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.24 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - - 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 7.89 7.49 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.89 6.65
Median 8.64 7.29 7.32 6.65

Last updated: 28 March 2024 9:42am

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