Bluestone Home Loans

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0800 668 333

‘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