Loan for ‘Disney castle’ costs couple their home
A GOLD Coast couple have been kicked out of their house for failing to repay a bank loan to build an elaborate magic kingdom in their backyard.
Jonathan and Lekeeta Leah Martin have lost a battle with the Commonwealth Bank to save their Pacific Pines home after taking out a $63,000 loan for a “replica Disney castle in their backyard”.
The Martins blamed the bank for “irresponsible lending”. However, the Brisbane District Court last month ruled “credit cards weren’t disclosed” and the bank had given plenty of warning about repossession. It ruled the home could be repossessed.
The pair originally purchased their Hemes Close home for $414,000 in May 2006. The court was told the couple had taken out a $150,000 loan in June 2013. Court documents said that loan was paid down to $86,942 when the Martins applied for a top-up of $63,000 “to build a replica Disney castle in their backyard.” That money was withdrawn between December 2014 and June 2015, but the bank was paid nothing after September 24, 2015.
Judge Deborah Richards dismissed an application to have the repossession order rescinded. The couple were ordered to pay the bank’s costs.