Background A retired client, who is a professional rental investor/landlord, had their current lending with another non-bank lender. They required a top-up of $776,000 to facilitate take out/refinance of vendor finance on one of their securities and to pay for consents and costs associated with subdividing one of their other security properties. They were [...]

Background A young couple with two dependents, who had recently returned to New Zealand after living overseas, sought to purchase the property they were currently renting as their owner-occupied home at 85% LVR. Challenge  One of the clients had a recently paid small financial default, which the main banks were unwilling to overlook. Mitigants  Stable PAYE [...]

Background An elderly couple, aged 92 and 83, required funds to cover the remaining balance for purchasing a right-to-occupy unit at a dementia care village, which one of the applicants needed to move into urgently. The clients approached Avanti because they did not meet their mainstream lender’s criteria. They did not wish to sell their owner-occupied [...]

Background A customer required $440,000 to refinance their existing mortgage, release equity of $40,000 to complete the finishing touches to their newly built owner-occupied home and to repay and consolidate $45,000 of short debt incurred due to unforeseen cost overruns and delays in the construction process. This debt included them going slightly over their credit card limit and [...]

Background A couple was looking to refinance their current lending, which was obtained to build three townhouses via property development funding. Two out of the three townhouses have been sold with the remaining dwelling to now be their owner-occupied property asking for a like-for-like transfer of residual lending. Challenge  One of the applicants is currently [...]

Background  A solo parent in a provincial city was about to receive an inheritance from her father’s estate. She wanted to buy her first home to provide stability for her and her child. Challenge Historic credit issues only recently repaid Some recent account conduct issues with dishonours Income all from Working for Families, child [...]

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 [...]