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.
But once they spoke with Punters, everything changed! We matched them up with a broker from our trusted network who specialised in these kinds of challenges. That broker 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.
They were so satisfied, knowing that their plan, once completed, will greatly enhance their overall financial position and assist with their retirement planning and other wealth-creating opportunities.