Bluestone Mortgages offer specialist home and business loan products throughout New Zealand to those who fall outside traditional lending policies. Our loans are designed to be more flexible to suit a variety of customers and situations. All require a first mortgage over residential real estate as security.
If you can't get a loan and you don't fit traditional lending criteria or lo-doc lending criteria, you're not alone. Many banks and non-banks use credit scoring, centralised processing and Lenders' Mortgage Insurance when assessing a loan application. The combination of these processes can restrict your chances of getting a loan.
We have stepped in and realise that a large proportion of the community do not fit 'in the box' but should be given an opportunity to start a new business or buy their home. Rather than applying rigid criteria, which disqualify a lot of people, we look at each application on its merits.
We may be able to help when others can't if:
You're self-employed but don't have 2 or 3 years worth of financial statements
You have an irregular employment pattern - part-time, contract or seasonal
You have inadequate or an irregular savings history
You have adverse entries (black marks) on you credit file
You have recently arrived in New Zealand
You're 55 years or older
You have credit card or other expensive debt you want to consolidate.
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