first-home buyers scheme


PHOTO: 123RF The company offered services to prospective buyers in Auckland and Wellington who were finding it hard to save a deposit.

A company that offered would-be buyers a scheme to help them save for a house is facing charges under the Fair Trading Act.

Home Funding Group is run by Luke Aitkins.

The group faces two representative charges that it misrepresented to customers that it was offering a savings scheme that enabled customers to save a deposit for a house, when they were actually paying for financial coaching and brokering services.

The commission has also filed one charge each against the business and Atkins for failing to provide information and documents requested by the commission under a statutory notice.