Banks run scared on Waitara leases

Uncertainty over the future of Waitara leasehold land is causing heartache and anger for some lessees, who say they are trapped in houses they cannot sell.

Thursday, December 11th 2003, 9:26PM

by The Landlord

The latest blow has been the reluctance of some banks to provide, or extend, mortgages to prospective purchasers or occupiers.

In August, the New Plymouth District Council made a preliminary decision to return to Te Atiawa iwi 179ha of endowment land confiscated by the Crown after the Taranaki war of the 1860s.

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