Success with a tricky scenario for Jacky

Jacky got a great result for some Kaikoura business owners recently. Over the past 2 years they have worked through many scenarios together, to see if they could get into a home of their own. The clients had a restricted business income as they had put a lot of cash and further finance into business expansion and survived the effect Covid had on Kaikoura. . This income was insufficient to get them into an entry level home so Jacky asked the accountant to prepare projections and commentary on the increased income. The clients did find a suitable home with a self contained flat which gave extra income needed and got conditional approval at their own bank and another bank.

It took some time to ensure they were eligible for kiwisavers as they were not straight forward first home buyers. Jacky helped them through this as well and got approval for this and first home grants and so could get 20% deposit together giving them the best interest rates and cash offered.

Jacky also had to work hard to get the longest loan term possible as they were over the usual age for 30 year loan terms.

This couple is now living in their own home and their business is thriving. It's been a long process for them to get to this position, and Jacky's expertise and persistence certainly paid off.

Do you know anyone who has had a no from their bank? Give us a yell to see if we can help

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