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^ ^ , | ! ' j ^ ' 3 Offers to Tenants of State Eental Houses Universal home ownership is the National Party's ideal. However, State rental houses will be provided for those who prefer to pay rent; present tenancies will not be disturbed, nor will rentals be increased. HOME PURCHASE - OPTION "A" Deposit: A sum equal to two years* rent. Back Rents: 20% of the rent paid in the past will be credited towards the deposit. Weekly Payments: The present rental for forty years covers full principal and interest. Charges: Ratcs, maintenance and insurance to be paid by the Government. HOME PURCHASE - OPTION "B" Deposit: A sum equal to two years' rent. Back Rents: 20% of the rent paid in the past will be credited towards the deposit. Weekly Payments: 5/- per week less than present rental for thirty years covers full payment of interest and principal. Charges: Rates, maintenance and insurance to be paid by the owner. HOME PURCHASE - OPTION "C" Straight out sale to present tenants who prefer to arrange their own ) finance. - NOTE THESE 3 SPECIAL POINTS 1. MORTGAGE INSURANCE SCHEME: To extinguish the iriortgage completely in the event of death of breadwinner. 2. FAMILY HOME JOINT OWNERSHIP SCHEME: To provide that in the event of the death of either husband or wife, the family home will pass to the surviving wife or husband without payment of gift, death or succession duties. These will be payable only on the death of both husband and wife. 1 ' 3. TRANSFER SCHEME: Home owners transferring from one State-financed house to another will be entitled to transfer their equity from one house to the other. For thc Home YHU wasit vote nat/onal .
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https://paperspast.natlib.govt.nz/newspapers/CHRONL19461116.2.41.2
Bibliographic details
Chronicle (Levin), 16 November 1946, Page 6
Word Count
345Page 6 Advertisements Column 2 Chronicle (Levin), 16 November 1946, Page 6
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