Not meeting Main Bank criteria??
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With the tightening of Bank rules bought on by the RBNZ changes as well as an increase in borrowers or situations who don’t quite fit into the standard bank space I thought it may be a relevant time to raise a few cases.....
Bridging finance
What is bridging finance? It is temporary/short term finance required to ‘bridge’ a gap when a property has been purchased but is to settle prior to a sale of an existing property. There are two forms of bridging finance.....
Spec Build Development Finance
At KPM we have a number of clients who are regularly involved in Spec Build projects, from 1 to multiple houses at a time where the client does not wish to market the houses for sale until they are near completion, thereby maximising the end value / price paid given the purchasers can “touch and feel” the product......
Introduction to Business Lending
As most self-employed clients know seeking and securing business finance from the Bank – secured solely against the business assets or at higher levels than standard home lending ratios will allow – is never easy and is usually met by your banker asking the question “What property assets will you be using to secure the lending?”......