At Camelot, we help first-home buyers all the time and usually, it’s fairly straightforward. But sometimes we come across a situation that is extra challenging.
This was the case for Suzie. Years of studying to be a doctor and gaining a master’s degree had left her with a large student loan and mentally burned out. She was working part-time for a small salary and spending much of that on rent. She desperately wanted to buy her own home, but she didn’t meet the standard criteria for obtaining mortgage finance.
We worked with Suzie to find out more about her financial situation and were able to involve her mother as a co-borrower. We also helped her to apply for a KiwiSaver withdrawal and a Housing New Zealand HomeStart grant, to boost her deposit. Using our market knowledge, we found Suzie a lender who was interested in taking on young customers who had good future earning potential. They not only approved her mortgage but made a contribution towards her costs and gave her a discounted fixed rate.
By working with us and getting our expert advice and knowledge, Suzie was able to achieve her goal of buying a home.