Background  A 52-year-old father and his 22-year-old daughter wanted to buy their first home together and looked forward to putting their past struggles behind them by owning and living in their own home. Having enjoyed renting the property for some time, father and daughter were offered the opportunity to purchase the property they called home [...]

Background  A couple on work visas purchased an investment property off the plans as an OIA exempt property. Challenge  The clients completed the registered valuation due to being a new build, which came in lower than the Sale and Purchase Agreement. Due to the lower value, the main bank provider would only go to 80% due [...]

Background  A mother and son (aged 54 and 28) with no dependents wished to purchase a home together. They intended to reside in this home together, which is located in a small rural town in the North Island. Challenge The Broker had sought lending from mainstream banks but had been declined due to both applicants’ low credit [...]

Background A retired couple urgently needed $700,000 to complete a 95% renovated bespoke beachfront property in one of New Zealand’s most idyllic locations. Challenge  Due to Covid-19 time delays and increased building material costs, they had significant cost overruns that they had not accounted for in their build budget. They had used up all their savings [...]

Background  A couple aged in their early sixties wanted $50,000 to do some cosmetic home improvements before they placed their property on the market, intending to list in the next 12 months or so. Challenge  One of the clients has been off work on ACC and only just back in full-time work Their main bank wasn’t [...]

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 [...]