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Capital leaky home case clears last hurdle

Building materials giant, James Hardie’s, bid to prevent a Wellington class action against the company over defective cladding products has been overturned by the Supreme Court.

Tuesday, November 28th 2017, 10:00AM

by Miriam Bell

The class action group, which numbers over 60 people, claims that leaks in their homes are due to inherent defects in cladding systems manufactured by James Hardie, in particular Harditex and Titan Board.

They also claim that James Hardie made misleading statements about its cladding systems in its technical literature.

Back in 2016, the High Court granted the group leave to proceed with a class action against James Hardie, and one of its subsidiaries Studorp, on the grounds of negligence and breach of the Fair Trading Act.

Since then, James Hardie has appealed to first the Court of Appeal and then the Supreme Court to try and prevent the class action proceeding.

However, the Supreme Court yesterday declined James Hardie leave to appeal – which means the class action can proceed.

Leaky homeowners who are not yet part of the claim have until 30 January 2018 to opt-in to the class action.

The group’s lawyer, Dan Parker of Parker & Associates, says that people wishing to opt-in should move quickly as it will be the last chance for most affected homeowners to pursue any legal action for recovery of their losses.

“We are dealing with a large number of enquiries, many from people who have seen and are responding to the claim for the first time,” he says.

“A number of owners have approached us unaware of any problems with their properties until expert investigations identify issues. They have subsequently joined the claim.

“We will be pushing forward now to deal with owner enquiries and to get as many owners signed on as possible. As it is a self-funded action, the bigger the group is, the lower the costs per owner.”

Thousands of properties were built using Harditex from 1987 until the early 2000s, while Titan Board was widely used from 1995.

This means there are likely to be many more New Zealanders whose properties were affected by the use of these products.

Parker says that owners of monolithic clad buildings constructed since 1987 using Harditex or Titan board should get in touch to find out how to join the claim.

“Experts can be arranged to investigate whether the materials in question have been used and whether damage has resulted.”

Another separate $250 million leaky building class action claim against James Hardie is currently wending its way through the Auckland High Court.

That class action is under the auspices of Adina Thorn lawyers, which also recently launched a new leaky home class action against councils.

Read more:

Court win in Auckland leaky home suit 

New class action on leaky homes 

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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

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