GYW & HomeLegal

02/04/2024

Plenty of choice out there!

House prices went up 2.9 percent over the past two months, a new report says.

10/11/2023

https://www.1news.co.nz/2023/11/09/first-home-buyers-hit-record-high-market-share-corelogic/?fbclid=IwAR0xUQGXljs5IfNWKUm7O30lQWk8-ZU2Bx3SATL4GVau79Uu0PHTVDdBUg4_aem_Aa-agKmgb15vmWSHh0cmtF_3Bo71jftmavNiuaJu1YB6Y4DujsTLEHieppS_LZPM87A

Wider Wellington holds the strongest market share for first home buyers with 33%.

06/11/2023

Update from Kainga Ora received today on what has been a popular scheme (perhaps more so than anticipated) will be interesting to see what is next for first home buyer assistance

First Home Partner update

Kia ora,
Since launching in October 2021, the shared ownership scheme First Home Partner has helped nearly 700 households into home ownership.
We recently advised you that, due to unprecedented demand, this scheme is now fully subscribed and we are unable to accept any new applications.
Since our earlier communication we have continued to receive Sale and Purchase Agreements from applicants who already had confirmed eligibility. These agreements are being assessed on a case-by-case basis, subject to the standard First Home Partner due diligence process and sufficient funding being available for the required equity share.

This update is to inform you that we are now approaching our funding limit for this scheme. We expect our last day for receiving Sale and Purchase Agreements will be 5pm this coming Thursday, 9 November 2023.

We will unfortunately not be accepting any agreements submitted to Kāinga Ora after this time.

We are communicating directly with eligible applicants on what this might mean for them, while encouraging prospective first home buyers to consider the other home ownership products administered by Kāinga Ora.
A key part of the First Home Partner scheme is the support given to applicants once they have moved into their new home and start to gradually buy the share owned by Kāinga Ora. This is part of our Goals Management Programme, which will continue to operate. We look forward to supporting all successful applicants on their journey towards full ownership.
We are happy to help with any questions and your customers are able to contact us on 0508 935 266, or email us at [email protected]. Our team is available 9.00am – 5.00pm, Monday to Friday.

02/04/2023

What is a letter of intent?

A letter of intent, also known as a heads of agreement, is often used by parties before entering into a formal contract. While such a letter can be a useful tool to maintain momentum during a commercial transaction, the document itself has been the centre of many disputes over the years.

We give an overview on why parties may wish to use a letter of intent, and the downsides that could lead to business losses and commercial disappointment.

To learn more, head to:

Useful, but can present problems A letter of intent, also known as a heads of agreement, is often used by parties before entering into a formal contract. While

27/03/2023

Are you a trustee of a family trust, or considering becoming one?

If so, you need to be familiar with the obligations you are taking on when agreeing to act as a trustee.

You should also have a clear understanding of the risks that you are exposed to when you agree to act as a trustee.

To read our full post on the responsibilities of a trustee, head to:

A trustee has many obligations Are you a trustee of a family trust, or considering becoming one? If so, you need to be familiar with the obligations you are ta

22/03/2023

When creating trust deeds, it is important that care is taken to clearly determine the beneficiaries.

Read our coverage of a recent case that went to the High Court in order to resolve the matter of the beneficiaries, due to the use of ambiguous language within the original deed.

If you have concerns about the wording of your trust deed, and how it could affect your beneficiaries, please get in touch for a review.

To read the full article, head to:

Make it clear in the trust deed In the recent case of Re Merona Trustees Ltd[1], the High Court was asked to determine who the beneficiaries of a trust were as

14/03/2023

What is the PPSR?

Anyone who has been in business, even for a short time, will have encountered the PPSR (Personal Property Securities Register).

The PPSR is a searchable online register that records if a third party has a financial interest in the assets of individuals or entities.

To learn more about how and why to use the PPSR, read more here:

Gives protection when leasing or selling goods Anyone who has been in business, even for a short time, will have encountered the PPSR (Personal Property Securi

27/02/2023

Keep up to date with our latest "Business Briefs", the GYW team has put together a round up of valuable insights from several recent cases.

We take a look at:

Uber Driver Employment Court Ruling
Facial Recognition and The Privacy Act
Commerce Commission Cartel Conduct Warnings

To read the full updates, head to:

Employment Court rules four Uber drivers are employees In October last year, the Employment Court ruled that four Uber drivers are employees rather than indepe

20/11/2022

Do you have a Will or need to review or update yours? Get in touch with one of our specialist lawyers to help get your Will updated today.

https://bit.ly/3VjNMmL

13/11/2022

At HomeLegal, we know that buying and selling a home can be expensive. That's why we offer a fixed conveyancing fee with no hidden costs! Get in touch now to have a chat about your conveyancing needs.