Non Bank solutions with bad credit home loans in NZ

Challenges of Obtaining Home Loans with Bad Credit

Do you want to know more about getting home loans with bad credit? People with bad credit may find home loan applications difficult as their credit report may show the impact of a business failing, unexpected unemployment, Covid, a separation, reduced hours, a critical illness in the family or sudden hardship. Seeking a mortgage broker who can give expert advice and understanding will help towards gaining a bad credit home loan in NZ. 

Expert Guidance for Bad Credit Home Loans in NZ

Our team has helped so many home buyers apply for a home loan who have had financial hiccups resulting in a poor credit rating, poor repayment history or bankruptcy. These may be historic or one-off incidents that have affected standard loan applications through banks. By being open and honest about your financial situation, we can work with you to find solutions. This may mean that a Non Bank mortgage could be arranged to repay or refinance any other outstanding debts, including those high interest rate credit cards, so you can start afresh. Refinancing and consolidating debts is a great way to put all your bad credit problems in one basket, so you can then tangibly focus on paying them off as fast as possible. 

The good news is that accessing your KiwiSaver funds or a HomeStart Grant, as a deposit, does not require a good credit history! Additionally selling assets such as a car or boat can also help you work towards buying your first home. 

Non Bank Lenders: A Solution for 20% Deposits

If you have a 20% deposit, there are now options for bad credit home loans with Non Bank lenders. We are specialists in Non Bank home loans, mortgages, and finance, with years of experience. We have applied for mortgages for our clients who have a poor credit history. If you would like more information or want to compare non-bank options, contact one of our friendly team members today.    

The team at Non Bank has helped so many people buy homes with a bad credit score. Helping them purchase the home of their dreams instead of waiting years for a credit issue to go away.     

Want to get started on your home loan? Contact us now.