Rates Apportionments When Buying a Property

Oct 01, 2019
What are rates apportionments anyway? In most residential conveyancing (the buying and selling of homes), the vendor (the seller) will ensure the rates are paid up to the settlement day (the day you move in). This means that when you move into your new property, there are no rates in arrears that the vendor should have been responsible for. However, rates aren’t paid day by day. They are usually paid in instalments spread throughout the year. This is where the need for rates apportionments comes in. In the following examples we will use a four-instalment rating year with a standard…

Check out our new First Home Buyers Guide!

Sep 30, 2019
Please download the guide from the downloads page and feel free to share with your friends and family. The guide contains some really helpful information to assist you on your first home buying journey. As always, we are happy to field your queries regarding the process as we appreciate that there are a lot of aspects that need to come together to make the buying process as seamless as possible.

Government’s announcement of changes to home ownership products

Sep 05, 2019
Yesterday, the Housing Minister announced a number of changes to the government’s programme to assist New Zealanders into home ownership. In case you missed the announcement, the changes are: 1. KiwiSaver HomeStart Grant will become "First Home Grant"2. The minimum deposit requirement for the First Home Grant will reduce to 5% for both new and existing homes (currently the minimum deposit is 10%)3. The First Home Grant can be paid to all buyers, who are eligible for the grant, where there are three or more buyers, by removing the current cap of $10,000 for existing houses or $20,000 for new…

What to look for in a LIM Report

Sep 04, 2019
One of the most common questions our clients ask us during the conditional phase of a contract is for our opinion on their Land Information Memorandum (“LIM”) Report. While this is understandable, we have not visited the property we so cannot verify any the information it contains. Therefore we’ve put together a checklist of things to look for in your LIM report to help you make the best, most informed decision on this very common condition. But before we go into that, here is a quick refresher on what a LIM report actually is. What is a LIM report? A…

Whitmarsh Law Continues to Grow

Jul 31, 2019
As some of you may be aware Whitmarsh Law has grown over recent months with the expansion into the next door tenancy and the addition of three new staff members. New Staff Chris O'Brien and Jordan Watts have both joined the team as staff solicitors in recent months and have hit the ground running handling a wide variety of conveyancing, wills, and enduring powers of attorney matters. Ally Lindsay has joined the team as Receptionist / Office Administrator and will most likely be the first voice you hear or the face you see when calling into or phoning the business.…

Whitmarsh Law is Hiring!

Aug 05, 2018
If you want to join our growing team then now is your opportunity. We are looking for an experienced property conveyancing and general practice solicitor to join our busy, innovative firm. Whether you're relocating or looking for a new opportunity, this could be the role that enables you to develop your career. We are looking for a lawyer with at least 2 years' experience in property conveyancing and general practice law. Experience in commercial law, relationship property and estate administration would be an advantage. You'll have excellent communication, written and analytical skills, and will be self-managing and efficient with a…

New Anti-Money Laundering Legislation

Aug 05, 2018
From 1 July 2018 the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 extended its application to now include law firms. As a result we are now subject to a comprehensive compliance regime which includes an obligation to obtain, verify and maintain information, including identification, in respect of new and existing clients. As part of that process we are required to carry out what is known as Customer Due Diligence. To do that we will need to obtain from prospective clients their full names, date of birth and address. To verify this information we will be required to sight…

The Bright Line Test To Be Extended To Five Years

Feb 26, 2018
The Government introduced a Supplementary Order Paper to a Bill already in Parliament for the extension of the two year Bright-line test to five years. The two year Bright-line test was brought in for Sale and Purchase Agreements entered into on or after 1 October 2015 and taxes capital gains on the sale of residential property where the property is sold within two years from the purchase date and is not used as the main home or is an Estate sale. The law is being changed by increasing the time frame from two to five years, and the new rule…

Whitmarsh Law – 7 Years Old!

Feb 04, 2018
They say that time flies when you are having fun! Sometimes I find it hard to believe that it was February 2011 that Whitmarsh Law first opened for business and seven years later the firm has continued to grow and grow. Originally just me, a dream, and a four year lease, the firm now has four full-time and two part-time staff and we recently have taken additional space in the next door office so that we can continue to grow in our current location. The additional space will include a new kitchen, a second meeting room, additional office space and…

Family Trusts – Why Do I Need One?

Jun 22, 2017
Have you ever wondered if a Family Trust is something that you really need? Would you like to know more about Family Trusts and how they can benefit you? Then why not take up my offer of a Free 30 minute consultation to answer your Family Trust queries. Like Wills and Enduring Powers Of Attorney, Family Trusts are something that most people need to have. The question is "Why do I need one?" Take a look below at some of the benefits of having a Family Trust and why you might need one: To provide some inheritance protection for your…