About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Sunday, May 19th, 9:19PM
Mortgage Rates Daily Commentary
Friday 17 May 2013  Add your comment
S&P sounds warning to some lenders

Ratings agency Standard and Poor’s has revised its outlook on some banks and credit unions moving their ratings from stable to negative. This means they each could be facing a ratings downgrade. Details of what it said and which banks and creit unions are named can be found here.

rss
Latest Headlines

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.

« Mortgage holders storm out of floating ratesBlue Chip investors win Supreme Court victory »

Special Offers

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.
Add your comment:
Your name:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Good Returns go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

 

print

Printable version  

print

Email to a friend
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AMP Home Loans 6.24 5.25 ▼4.99 5.65
AMP Home Loans $200k+ 6.14 5.15 ▼4.89 5.55
ANZ 5.74 5.19 5.45 5.80
ASB Bank 5.75 5.19 5.45 5.75
BankDirect 5.75 5.45 5.45 5.75
BNZ - Classic - 4.95 5.40 -
BNZ - GlobalPlus 5.99 5.25 5.65 5.80
BNZ - Mortgage One 6.40 - - -
BNZ - Rapid Repay 5.99 - - -
BNZ - Std, FlyBuys 5.99 5.25 5.65 5.80
BNZ - TotalMoney 5.74 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.20 - - -
Credit Union Baywide 5.85 5.45 5.45 -
Credit Union North 6.45 - - -
Credit Union South 5.75 - - -
eMortgage 6.04 6.15 6.69 7.19
Fantastic Home Loans 5.74 5.19 5.40 5.75
Fidelity Life 5.70 5.85 6.35 -
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 6.45 - - -
General Finance 5.95 6.25 6.50 7.10
HBS Bank 5.65 4.99 4.99 5.65
Lender Flt 1yr 2yr 3yr
Heartland 5.95 6.25 6.50 7.10
Heretaunga Building Society 5.75 5.25 5.65 -
Housing NZ Corp 5.75 5.25 5.40 5.74
HSBC Premier 5.99 5.05 5.25 5.50
HSBC Premier Special - 4.99 4.99 4.99
Kiwibank 5.65 ▲5.25 ▼4.99 5.65
Kiwibank - Capped 5.65 6.50 - -
Kiwibank - Offset 5.50 - - -
Liberty 5.64 - - -
Napier Building Society 5.80 6.00 6.70 -
Nelson Building Society 6.45 5.95 6.25 -
Lender Flt 1yr 2yr 3yr
NZ Home Loans 5.85 ▲5.25 5.45 5.75
Perpetual Trust 7.70 - - -
RESIMAC - lo doc 6.59 6.35 6.55 6.90
RESIMAC LVR <80% 5.59 5.35 5.55 5.90
SBS Bank 5.65 4.99 4.99 5.65
Silver Fern 5.95 6.10 6.55 7.05
Southern Cross 5.95 6.25 6.50 7.10
Sovereign 5.85 5.19 5.45 5.75
The Co-operative Bank 5.70 4.99 5.35 5.75
The Co-operative Bank Special - - - -
TSB Bank 5.79 5.25 5.30 5.75
Lender Flt 1yr 2yr 3yr
Wairarapa Building Society 6.20 6.70 6.95 -
Westpac 6.24 5.19 5.40 5.90
Westpac - Capped rates - 6.50 - -
Westpac LVR >80% - 5.09 - -
Median 5.85 5.25 5.45 5.75

Last updated: 16 May 2013 9:06am

Previous News

MORE NEWS»

News Bites
Compare Mortgage Rates
Compare
from
to
for
To graph multiple lenders, hold down Ctrl key while clicking in list box
Find a Mortgage Broker

Add your company

Use map
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by PHP Developer and eyelovedesign.com