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Investors die waiting

Friday, January 12th 2018, 5:26PM

Repayment of Canterbury Mortgage Trust money is coming too late for some investors.

The $250 million fund was frozen in 2009.

Some of the 5000 investors have since died and BDO and Trustees Executors have encouraged others to transfer their interest to beneficiaries, Stuff reported.

The number of people hwo had to be contacted by the manager increased by about 100 a year.

Investors have so far been repaid 85.5 cents in the dollar.

Tags: Canterbury Mortgage Trust

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Lender Flt 1yr 2yr 3yr
ANZ 5.79 ▼4.79 ▼4.99 ▼5.35
ANZ Special - ▼4.29 ▼4.49 ▼4.85
ASB Bank 5.80 4.69 4.89 5.19
ASB Bank Special - 4.29 4.49 4.79
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.39 4.55 4.99
BNZ - Std, FlyBuys 5.90 4.99 5.29 5.59
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.45 5.50 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 5.00 5.20 -
Housing NZ Corp 5.79 4.79 5.05 5.29
HSBC Premier 5.89 4.19 4.29 4.89
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.85 4.89 5.35
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.35 4.39 4.85
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special 5.00 - 4.75 -
SBS Bank 5.89 4.85 5.05 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.29 4.55 4.99
Sovereign 5.90 4.69 4.89 5.19
Sovereign Special - 4.29 4.49 4.79
The Co-operative Bank - Owner Occ 5.75 4.39 4.59 4.89
The Co-operative Bank - Standard 5.75 4.89 5.09 5.39
TSB Bank 5.80 4.79 5.05 5.45
TSB Special - 4.29 4.55 4.89
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.99 5.05 5.44
Westpac - Offset 5.95 - - -
Westpac Special - ▼4.29 ▼4.49 ▼4.85
Median 5.87 4.79 4.89 5.19

Last updated: 22 June 2018 11:59am

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