Background
After years working in Australia’s mining industry, our customer hopes to bring his wife and children closer to the extended family in Hawkes Bay while he continues to work rostered weeks across the Tasman. He set his sights on a small town in Hawkes Bay, where he found his dream property as a [...]
Background
A single man aged 74 wanted to purchase a section in a provincial city to move a relocatable dwelling onto it. He was planning to sell the property once the dwelling was relocated, services connected, and code of compliance issued.
Challenge Mainstream lenders were not prepared to assist due to the client’s age
The [...]
Background
The clients were in a new relationship, each owning a property with small mortgages on each. They wanted to buy a jointly owned home and found their dream house in a new town, where they had also secured new employment. One of their properties had sold but with a long-term settlement of 5 months, while [...]
Background
Clients were renting and were given notice to move out. They wanted to purchase an owner-occupied property using equity in their unencumbered rental property.
Challenge
The clients had recently started a business, and their main bank wouldn’t support their application due to the short tenure of self-employment.
Mitigants Strong applicants with an excellent [...]
Background
Clients needed to refinance to enable urgent remedial work on the security property, consolidate debt including tax arrears, and restructure existing ownership based on advice from their accountant and solicitor.
Challenge The main bank wouldn’t support their application due to tax arrears
The property had flood damage, and although insurance claims were completed, [...]
Background
A single man in his mid-30s sought to purchase an owner-occupied home in a main New Zealand city, with lending at 90% LVR.
Challenge
The customer had previously experienced some credit challenges, which impacted their credit score. While these issues were in the past, they were a factor in the assessment process, particularly when [...]
Background
A couple, where the husband has a terminal illness, needed to be closer to family for support. They had unconditionally sold their home in a small North Island town. They found a new family home in another town, but their existing main bank refused to support the purchase due to past mortgage repayment arrears.
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Background
The client sought a top-up caveat loan to cover tax arrears and cosmetic renovations for an existing property, with plans to sell the property upon completion.
Challenge
The main bank provider was unable to demonstrate servicing due to test rates applying to the overall global position of the client’s portfolio.
Mitigants Stable employment
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