John had a lot of property in Wellington and wanted to buy more. Unfortunately for John, he didn’t know how much he could buy. When he saw a property that he was interested in, he made an offer subject to finance and crossed his fingers until he heard back from the bank. Even though the bank never said no, John had no confidence in his borrowing ability and when we met him was very reluctant to look at buying more property, even though he really wanted to.

We sat down with John and worked out his borrowing capacity based on the equity that he had and his rental income. He was able to buy another 6 properties! We obtained pre-approval and John was able to systematically find and buy a number of properties over the next two years and went about it with confidence.

If you would like to have a clear indication of your borrowing capacity contact us today.

Case study 3

A Christchurch couple that we met felt that they had reached the maximum amount of property that they were able to buy. They had a number of investment properties that were financed with different banks. While they had a small to medium amount of equity with each lender, it was not enough on its own to allow them to borrow against to increase their portfolio.

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