August 9, 2019 In Bramwell Bate News By Bate Hallett

What to know when building a house with a building company

Building a house can be a stressful, expensive and intimidating prospect for both new and experienced customers. As such, ensuring you are aware of not only your rights and obligations, but also those of the builder, is crucial. Prior to even hiring a builder, you should complete your own due diligence on: the builder, your financial position, the requirements of your lender during the build (if any), what consents are required and when they should be applied for, whether the building...

August 9, 2019 In Bramwell Bate News By Bate Hallett

Anti-money laundering overview

The government has recently made changes to the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the “Act”) to prevent money laundering and terrorism financing within various businesses and professions (including lawyers, accountants and real estate agents). The Act aims to enhance the reputation of New Zealand businesses and maintain the view that New Zealand is a safe place to run a business. Money laundering is the process of disguising the origins of illegally obtained money. Financing of terrorism is where...

Bramwell Bate News
May 8, 2019 In Bramwell Bate News By Bate Hallett

Snippets

What is the purpose of a LIM report? When purchasing a property, obtaining a Land Information Memorandum (“LIM”) report from the relevant council is strongly recommended. A LIM report provides all the documents that a council has on records for a property. Each LIM report contains different information, as some properties may be new builds, while others are just sections or older homes etc. Some examples of what could be found in a LIM report are: soil reports; whether resource consent and certificate...