Victims of alleged loan scammer Kerry Buddle are applauding news of her arrest on 10 fraud charges.
The alleged scams relate to the former Kapiti mortgage broker persuading clients to lend her money after they had mortgaged their properties.
Five people have said they had to sell their homes because Buddle did not repay their money.
Buddle, 32, was arrested on Friday and will appear in Porirua District Court today facing 10 charges of obtaining by deception. Each charge carries a jail term of up to seven years, if proven.
Sergeant Jacquie Muir, of Kapiti, said the complaints had taken 18 months to investigate and, all up, complainants allegedly lost about $1 million.
Victim Jenny Twist said she would be in court today and was "over the moon" that Buddle had been charged.
"We want our money back," she said.
She said she and her husband had refinanced their home in 2010 on advice from Buddle, apparently so she could lend a British couple $30,000 to emigrate to New Zealand.
None of that money has been repaid.
Paekakariki man Ian Patterson, who says he lost about $100,000, said it was "very good news" to hear of her arrest.
Like Mrs Twist, he said he had been approached by Buddle about a loan after using her business to refinance his home.
In May last year, The Dominion Post revealed police had launched an investigation into Buddle.
Buddle owned Get Smart Mortgages and Insurances.
She was freed on bail after her arrest but refused to comment yesterday.
- © Fairfax NZ News
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