A residential investment property located in Mt Roskill, Auckland. The ‘low doc’ loan facility was approved with limited financial information provided by the client. Repayments were to be made on an interest-only basis. No valuation was required.
| Loan: | $635,000 |
| End Value: | $910,000 |
| Loan-to-value: | 70% |
| Term: | 6 months |