No need to go elsewhere for Non Bank second mortgages
A second mortgage may be the answer you are looking for, even if you have bad credit or your income has suffered a setback. If you are applying for second mortgage financing from $10 000 to $1.0 million, to buy a car, go on holiday, consolidate your debts, or for commercial, construction, or business finance, even IRD tax arrears, then we know of 2nd mortgage Non Bank lenders that might be able to help you.
Often working with your traditional bank is no longer an enjoyable experience for you, or they have already declined your application for additional finance because of insufficient income, a bad credit history or RBNZ restrictions. Your application might also be outside of your bank’s lending guidelines and credit policy.
With the RBNZ LVR limitations of 80% lending ,on owner occupied homes and 65% on rentals, we are often asked to assist first home buyers with 90% funding,
using a second mortgage, or rental investors looking for additional funds for renovations, or additional purchases.
We have a strong track record with a large number of Non Bank second mortgage lenders which gives us more scope to help you, even if you have missed repayments and need help with payment arrears or bad credit. Keep in mind Non Bank lending will always require some security, either your own home or the property of a guarantor, but Non Bank lenders are often easier to deal with than your bank.
Kim Lyons and the team he works with have decades of experience assisting clients, both applying for second mortgages in NZ, or helping clients refinance them. We are the experts at dealing with Non bank second mortgage solutions for a wide variety of financial situations, personal, business, tax payments and commercial, so call us today to see if we can help you.