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 [...]

Background A young couple recently returned from working overseas and were looking to settle down and purchase a home together. They’re looking to buy a property from a family member. The property is sound but needs some cosmetic renovations as it’s a little dated, so they would like to hold back some of [...]

Background A married couple with no dependents was looking to release equity of $25,000 from their owner-occupied property for a capital injection to assist with the growth plans they had for their business which they established 12 months ago. Challenge  Their main bank wouldn’t consider a top-up to their existing mortgage or other loan until the [...]