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New class action on leaky homes

Property owners struggling with a leaky building could fit the bill to join a new class action against councils.

Thursday, October 5th 2017, 9:00AM

by The Landlord

Auckland law firm Adina Thorn Lawyers has launched a class action which aims to help property owners who have buildings with council-approved work that now leaks or has failed in other ways.

Registration is open to those who have had council-approved work done in the last 10 years, have “stopped the clock” by registering with the Weathertight Homes Resolution Service or is part of an existing claim.

Body corporates and commercial owners can also register to join the action.

The class action is against councils - not just Auckland Council - who have carried out any inspections or certification within the last 10 years.

Thorn said her firm has uncovered many cases of people who, through no fault of their own, have found themselves financially compromised by poor quality design or workmanship and have good claims against a council.

“They just cannot afford to pursue those claims because of legal and expert costs. This action removes that obstacle.

“Joining this action means you have access to a large legal and expert team without incurring any of the costs this would usually involve.”

The class action will be funded by a UK based litigation funder who will take a share of any damages secured after costs are reimbursed.

This means that those joining the action will face no out of pocket expenses.

Homeowners and Buyers Association president John Gray told media that a class action is a viable option for people who can’t afford to fund litigation themselves.

But he said that most people would now fall outside the 10-year limitation for taking legal action.

Thorn’s law firm is currently involved in several other high-profile class actions.

One of those is a $250 million leaky building class action claim against building materials company James Hardie, which involves over 365 owners of 1,075 dwellings.

Another is a $40 million plus funded class action against Carter Holt Harvey for the manufacture of Shadowclad cladding.

Read more:

Court win in Auckland leaky home suit 

Leaky building mega suit hits court 

« Auckland sales fall furtherSpeeding up the consents process »

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 5.44 - - -
AIA - Go Home Loans 7.99 5.99 5.69 5.69
ANZ 7.89 6.59 6.29 6.29
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 5.99 5.69 5.69
ASB Bank 7.89 5.99 5.69 5.69
ASB Better Homes Top Up - - - 1.00
Avanti Finance 8.40 - - -
Basecorp Finance 9.60 - - -
BNZ - Classic - 5.99 5.69 5.69
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.94 - - -
BNZ - Rapid Repay 7.94 - - -
BNZ - Std 7.94 5.99 5.69 5.69
BNZ - TotalMoney 7.94 - - -
CFML 321 Loans 6.20 - - -
CFML Home Loans 6.45 - - -
CFML Prime Loans 8.25 - - -
CFML Standard Loans 9.20 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.79 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 7.65 5.99 5.75 5.69
Co-operative Bank - Standard 7.65 6.49 6.25 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 6.40 6.10 -
First Credit Union Standard 8.50 7.00 6.70 -
Heartland Bank - Online 7.49 ▼5.65 ▼5.55 ▼5.55
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.00 6.50 -
ICBC 7.49 5.99 5.65 5.59
Kainga Ora 8.39 7.05 6.59 6.49
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 7.75 6.89 6.59 6.49
Kiwibank - Offset 8.25 - - -
Kiwibank Special 7.75 5.99 5.69 5.69
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 8.44 ▼6.39 ▼6.09 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 7.99 6.95 6.29 6.29
SBS Bank Special - ▼6.15 5.69 5.69
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 5.44 ▼5.15 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.75 - - -
TSB Bank 8.69 6.79 6.49 6.49
TSB Special 7.89 5.99 5.69 5.69
Unity ▼7.64 5.99 5.69 -
Unity First Home Buyer special - 5.49 - -
Wairarapa Building Society 8.50 ▼6.19 ▼5.79 -
Westpac 8.39 6.89 6.39 6.39
Westpac Choices Everyday 8.49 - - -
Westpac Offset 8.39 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 6.29 5.79 5.79
Median 7.99 6.17 5.79 5.69

Last updated: 30 October 2024 9:36am

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