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  Reply # 2058893 19-Jul-2018 15:32
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CJC:

 

Looked into Matrix Homes a while back, but also read about some issues with communication and delays.  Wasn't a surprise to hear they've gone into receivership.

 

 

Yeah was surprised about this. I live in Upper Hutt and they were in the local paper the other day saying everyone needs to get over pre-fab fears (that was the headline, I didnt read it). They seemed to be churning them out as there were a lot of (what looked like) completed modules stored down the road from the factory.


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  Reply # 2058904 19-Jul-2018 15:53
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That is really sad news . I thought they were reasonably good looking houses for prefabs.


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  Reply # 2058926 19-Jul-2018 16:55
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Aredwood:

Do you own any other properties apart from that apartment? If you do, then the bank would also have a mortgage over them as well. No need to stump up a cash deposit, as the bank would assess total value of your properties Vs total amount of money you owe on your mortgages.

 

It's complicated ... short answer - two other properties and one other bank involved, but there is no cross-securing.

 

 





Mike

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