They were a middle-aged couple who are quite well established financially with still another 15 years left in their working life. They wanted to undertake a small subdivision (1 into 2) on their existing investment property, and then sell off the vacant land lot. They approached their current bank (one of the big 4) who advised they couldn’t help because their request is classed as development/speculative finance. They Googled mortgage brokers Sunshine Coast and found us! We managed to get their loan application approved, refinanced their existing loan, secured an extra $200k to sort out the DA, subdivision costs and so on, all within approximately 4 weeks of the initial interview.
We ended up with some very satisfied new clients. Their plan, once completed, will greatly enhance their overall financial position and assist with their retirement planning and other wealth-creating opportunities.