Background A single 43 year old was looking to complete a dollar-for-dollar refinance so they could take over the mortgage in their sole name due to separating from their partner. Challenge  The main bank provider wouldn’t allow any boarders over 80% and would only consider at 80% due to the provincial location. The client needed an LVR [...]

Background A father in his thirties who has put his checkered past behind him and started afresh, urgently needed to refinance and consolidate a small amount of non-bank debt arrears in order to keep the Auckland family home he has owned since 2016. Challenge He has historic but paid defaults, and currently has a couple of [...]

Background   A middle-aged couple with two dependents were wanting to purchase a section in Central Otago. They already owned an almost complete unencumbered residential property in the same area. Challenge  The broker had sought lending from mainstream banks but had been declined due to the reliance on using the clients’ available funds and savings to [...]

Background   The client was in the final stages of a build and had used her own savings to this point but had experienced some cost over runs and needed a further $50,000 to complete the build and obtain a Code of Compliance Certificate. Challenge  The main bank provider wouldn’t assist with a top-up to her [...]

Background A single 30-year-old looking to purchase his first owner-occupied property. He was moving from a main city and looking to purchase in his hometown (a provincial city). Challenge  Small historic credit issues that came about while he was establishing his business several years ago and the fact that he was looking to relocate meant [...]

Background A couple were looking to settle an Auckland investment property they purchased off plans in 2021 to add to their existing seven property rental portfolio. Challenge  The clients had recently purchased an owner-occupied property so no loan repayment history could be evidenced. Also, both clients’ main income sources were from contract work and the balance [...]

Background A couple in their mid-thirties with no dependents wanted to purchase their first home in a regional town. Challenge  Being self-employed for less than two years and a part reliance on income from a boarder meant that mainstream lenders and other specialist lenders were reluctant to lend at a 90% LVR. Mitigants  10% deposit from a [...]

Background Real estate agents looking for business cash flow support for their company while they market and sell their own property. Challenge  Real estate income has been inconsistent in recent times due to market conditions. However, they had income in the pipeline with sales due to settle in the coming months, so we were unable [...]

Background Pre-approval requested by a single applicant looking to purchase their first home in Whangarei at 90% LVR. Challenge  Other lenders were unable to consider the loan due to the high LVR in this location and the reliance on flatmates to support the servicing of the loan with the LVR being over 80%. Mitigants  10% deposit made-up of [...]

Background A client was seeking finance to assist with an open bridging loan to purchase a property in a retirement village, whilst preparing her current owner-occupied unencumbered property for sale. She wanted to look at a minimum 12-month term to allow time for cosmetic renovations to be completed and an improvement in the housing market [...]