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‘I’m a single parent with two jobs’
Customer challenges
- They may have only been with their primary employer for a short time
- Banks may not treat their second job as stable income and are likely to only accept 50% of the income from their second job
Bluestone solutions
- Flexibility with income verification, including casual income, child maintenance and family tax credits
- Flexible employment history accepted
- No credit scoring – we assess each application on a case-by-case basis
Key Loan Features
| Prime | Near Prime | Specialist | Specialist+ | |
| Max loan amount* | $2m | $1.5m | $1.5m | $1.25m |
| Max LVR* | 80% | 80% | 80% | 80% |
| NZBN | 24 months | 12 months | ||
| Debt consolidation | $100,000 of unsecured debt | Unlimited, including tax debt, business debt or privately funded loans | ||
| Cash out | $500,000 <75% LRV; $100,00 >75% LVR | Up to $200,000 | ||
| Defaults/judgements | Ignored if paid up to $500 | Up to $1000 or over 24 months ignored | Up to $1000 or over 12 months ignored | Up to 2 over $1000 in the last 12 months ignored |
| Mortgage Arrears | Up to 14 days | Less than 1 month | Less than 2 months | Less than 3 months |
| Discharged bankruptcy | Acceptable if more than 2 years | Acceptable if more than 1 day | ||
*Subject to location, LVR and product selected