NZ Level 5 Residential Property Lending case studies
NZ Level 5 Residential Property Lending · Put your knowledge to work in context.
The New Zealand Certificate in Financial Services (Level 5) with the Residential Property Lending strand is the core qualification for people who advise on or assess residential home loans in New Zealand. It is typically taken by mortgage advisers, bank lending specialists, mobile bankers and credit analysts who need to demonstrate competence against the regulatory and conduct standards that apply to residential lending. The NZ Level 5 Residential Property Lending case studies are 5 cases and about 3,523 words.
1Debt consolidation refinance with a self-employed borrower and hidden expenses
A couple applies to refinance 410,000 of home lending and consolidate 38,000 of credit-card and Buy Now Pay Later debt into a single 30-year table loan. The application shows combined income of 148,000: 92,000 salary for one borrower and 56,000 for the other, who has been self-employed as a contractor for 14 months.
777 words, about 4 min2Purchase price versus registered valuation on an apartment with a proposed levy
A first-home buyer has a signed sale and purchase agreement for a two-bedroom apartment at 920,000, with settlement in 25 working days. She has a 184,000 deposit, being 20% of the price, and applies for a loan of 736,000.
687 words, about 3 min3Overseas gift, a PEP relative and split deposits
A customer applies for pre-approval to buy a 780,000 townhouse. She has been a NZ resident for three years, earns a salary of 105,000, and needs a 10% deposit of 78,000.
691 words, about 3 min4Bridging finance and a break fee on a fixed-rate loan
A family has sold its existing home for 850,000, unconditional, with settlement in eight weeks. It has bought a new home for 1,150,000, with settlement in four weeks, and needs 300,000 of bridging finance for four weeks, with a two-week buffer.
681 words, about 3 min5Hardship application after a Property Law Act notice
A borrower is four months in arrears ( 14,600) on a 380,000 mortgage after losing his job. The lender has served a Property Law Act notice and has a mortgagee sale booked in 30 days.
687 words, about 3 min