Healthy Homes Deadline Update
Crockers | Reading Time: 3 Minutes | June 2020
Compliance Statement deadline for Healthy Homes has been moved to December 2020
Crockers has welcomed news that the Compliance Statement deadline for Healthy Homes has been pushed out to 1 December 2020. The Government has changed the date from 1st July to 1st December in response to the COVID-19 outbreak, reflecting the decreased opportunities for landlords to carry out inspections during this time.
The change means that the requirement for a Landlord Statement of Compliance to be provided with all new, varied or renewed tenancy agreements (unless the agreement is fixed term and ending prior to 1 July 2021) has been delayed. However the overall deadline for all private residential properties to meet the full list of regulations has not changed and remains at 1 July 2021.
Crockers recommends that landlords should be actively having their properties assessed and brought up to standard as soon as possible. As the July 2021 deadline moves closer it will be harder to engage contractors to carry out the work as demand will outstrip supply, as was experienced in July 2019 when the insulation standards came in. At that time landlords faced two to three month delays and there was a shortage of insulation. Meeting the Healthy Homes standards prior to the deadline – or better still, the Home Fit standard – will help to positively mark out your rental home and attract good tenants.
If you are unsure what the requirements for the Healthy Homes regulations are for an apartment, or have any other concerns regarding the new regulations, the Crockers property management team are experts in this area. Crockers Property Management are also able to offer our Community Living clients a discounted Healthy Homes assessment when they sign up as landlords in the month of June – click here to request more information.
Funding the work necessary to complete the upgrade can be of concern to some owners. ANZ and Westpac are currently offering customers interest-free home loan top ups to help make their homes warmer and drier. These loans are only available to existing (or new) mortgage clients of the banks. In all cases quotes and invoices must be provided and eligible services must be fitted by qualified installers.
ANZ is offering an interest-free home loan top up of up to $5,000 for insulation and up to $5,000 for heat pumps for each residential property that secures your home loan, with a maximum of four interest-free loans per customer. Loans must be fully repaid within four years.
Westpac’s Warm Up loan is available to existing or new home loan customers. Customers can borrow up to $10,000 interest free for five years to help make their homes warmer and drier. The loan funds insulation, heat pumps, double glazing, ventilation and solar power systems.
All loans are subject to standard bank application processes.
Crockers is excited to be working with The Lending Department helping our owners get the best deal in uncertain times with record low-interest rates. In the current climate banks are putting restrictions on mortgages, so it is an ideal time to access the services of a broker rather than going direct to the bank.
For further information on interest-free loan top ups or other mortgage enquiries, contact Kerry Alcock, Director of The Lending Department on 021 687 502 or visit www.thelendingdepartment.co.nz