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Landlords want police help in making tenants pay up

Residential landlords have offered to regulate their industry by registering themselves, but in return they want police and court help in chasing tenants for money.

Sunday, March 20th 2005, 5:04AM

by The Landlord

The landlords' national body, the Property Investors Federation, calculates that between $5 million and $6 million is owed to private landlords in rental arrears.

They estimate the Government is owed $1.6 million by tenants in state houses.

More than 186,000 residential landlords own 250,000 houses nationally, and about one-third of New Zealanders rent.

Auckland Property Investors Association president Andrew King said the scheme being proposed was that landlords would have to have training and obtain a certificate saying they had the ability to do their job.


The training would help them understand the Residential Tenancies Act, which governs the sector, and give them skills to deal professionally with their tenants.

The federation wants automatic registration of all landlords into a recognised industry body.

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 3.34 - - -
AIA - Go Home Loans 6.14 4.75 5.25 5.29
ANZ 6.04 5.59 6.09 6.19
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.99 5.49 5.59
ASB Bank 6.04 ▲4.99 ▲5.45 ▲5.45
ASB Better Homes Top Up - - - 1.00
Avanti Finance - Near Prime 6.60 - - -
Avanti Finance - Specialised 7.75 - - -
Basecorp Finance 6.35 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 6.19 - - -
BNZ - Rapid Repay 6.19 - - -
BNZ - Std 6.09 ▲4.99 ▲5.45 ▲5.45
BNZ - TotalMoney 6.19 - - -
CFML 321 Loans 4.20 - - -
CFML Home Loans 6.30 - - -
CFML Prime Loans 6.45 - - -
CFML Standard Loans 7.20 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Co-operative Bank - First Home Special - 4.74 5.29 5.59
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 5.34 4.84 5.39 5.69
Co-operative Bank - Standard 5.34 5.34 5.89 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 5.09 5.49 -
First Credit Union Standard 6.49 5.69 6.09 -
FMT 7.15 - - -
FMT Development 7.90 - - -
Heartland Bank - Online 5.80 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 6.50 5.50 5.65 -
ICBC 5.39 4.49 4.99 5.25
Lender Flt 1yr 2yr 3yr
Kainga Ora 5.79 4.59 4.95 5.19
Kainga Ora - First Home Buyer Special - - - -
Kiwibank ▲8.50 ▲7.49 ▲7.49 ▲7.69
Kiwibank - Offset 6.00 - - -
Kiwibank Special ▲6.00 ▲4.95 ▲5.39 ▲5.49
Liberty 6.65 6.55 6.22 6.20
Nelson Building Society ▲6.79 ▲4.99 ▲5.49 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 5.84 5.39 5.89 5.89
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.69 5.29 5.29
SBS Construction lending for FHB 3.74 - - -
SBS FirstHome Combo 3.29 4.29 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank ▲6.84 ▲5.79 ▲6.29 ▲6.49
TSB Special ▲6.04 ▲4.99 ▲5.49 ▲5.69
Unity First Home Buyer special - 4.15 - -
Unity Special ▲6.04 4.80 5.29 -
Unity Standard ▲6.04 5.60 6.29 -
Wairarapa Building Society 6.15 ▲5.15 ▲5.65 -
Lender Flt 1yr 2yr 3yr
Westpac 6.14 5.59 6.05 5.95
Westpac Choices Everyday 6.24 - - -
Westpac Offset 6.14 - - -
Westpac Special - 4.99 5.45 5.35
Median 6.19 4.99 5.49 5.59

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