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Frequently Asked Questions
How do you save enough deposit to satisfy the Banks?
If you are frustrated by never being able to save and get
enough together for a deposit to buy your home we might be
able to assist you. By renting from us and putting a proportion
of this towards your deposit to purchase you will accumulate
a sufficient deposit and be able to demonstrate a savings
history to the Bank. All the while living in your home and
retaining capital gains from appreciating property values.
What if our credit history has a few "glitches"?
Often credit issues can be explained due to the circumstances
we find ourselves in. What lenders want is to understand the
circumstances that brought the problem about; and they want
to see a genuine desire to face up to your problems and sort
them out. We will provide you with sound advice on the best
approach to take. If you demonstrate that you can keep your
record clean over an extended period of time the Banks are
far more likely to reconsider your application for funding.
This program gives you a second chance.
Can we exercise our option early?
If your circumstances change and you find yourself in a better
financial position that enables you to purchase your home
early we are more than happy for you to settle and take full
ownership of your own home. After all, that is what this is
all about!
What if our circumstances change or we don't want to proceed?
Remember, this is an "option to purchase". So, it
is your choice as to whether you take up that option or not.
You may be living there and consider it your home, but you
don't own the property at this point. You are merely lining
up all your ducks, so that you can make a decision to own
your own home at some future date. Whilst we want to deal
with people who are 100% committed to owning their own home,
if your circumstances change, you simple don't take up the
option and move on with your life. A normal Bank Mortgage
DOES NOT offer that choice!
Who gets the Capital Gains when the property value goes
up?
That is where our program beats anything else hands down.
Imagine still not owning something, but when the price goes
up (and over time property ALWAYS goes up in value), you will
share in that wind-fall capital gain. That is cold, hard,
tax-free profit - and it will be yours!
Can we renovate and do improvements before we actually
pay for the house?
That will depend upon what the proposed project would entail.
We would want to ensure that the correct Resource and/or Building
Consents were obtained, that the insurance covered any disasters,
that the project would be completed in a timely manner, and
that the changes would in fact add value; but without seeing
the specific proposal I'm sure we would view most projects
very favourable.
What if our "Uncle Joe" says, "Don't buy
it"?
Well firstly, it's an Option to purchase the property, it's
not an unconditional contract; so if your circumstances change
you are perfectly entitled not to proceed with the purchase.
And secondly, it's all right for "Uncle Joe", because
he bought his property years ago when it was easy to get a
foot on the property ladder. But is he going put his money
where his mouth is and:
- Financially assist you into your first home,
- Be there in 10 years time when you are still renting
and compensate you for all the capital gains you have missed
out on because you took his advice.
We all have an "Uncle Joe", and sometimes they
come in the form of a parent, a sibling, or a professional
adviser. And sometimes you just need to get on and do what
is right for you and your family.
This really is an unbelievable opportunity and I'm really
excited. How do we sign up?
There is an easy process to apply. In fact, just hit Apply
Here and complete the form. Even in the event that
you are unsuccessful with your first application, we will
keep your details (with your permission) and let you know
when another property comes available in the locations that
you are interested in.
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