Product: Residential Property Mortgage (Long-term)
Type: residential
Max LVR: 80.0%
Amount Range: $0 - $7,500,000
Max Term: 360 months
Rate: 6.35% - 6.6%
Contact: Craig Rolls (021 466 004) | applications@basecorp.co.nz
Purpose: purchase
Property Type: residential
LVR: 70.0%
Amount: $490,000
Term: 300 months
Property Value: $700,000
Address: a a a
| Filter | Result | Client Value | Lender Requirement | Note |
|---|---|---|---|---|
| Loan Type | Pass | purchase (residential) | residential | |
| LVR Limit | Pass | 70.0% | 80% | |
| Loan Amount | Pass | $490,000 | $0 - $7,500,000 | |
| Security Type | Pass | residential | residential | |
| Credit Score | Pass | 610 | - | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Pass | Yes | Required | |
| Borrower Type | Pass | Investment | Any |
| Dimension | Raw Score | Weight | Weighted Score | Visual |
|---|---|---|---|---|
| LVR Headroom | 50.0 / 100 | 25% | 12.5 |
|
| Lender max LVR 80% - Client LVR 70.0% = 10.0% headroom. Formula: min(100, headroom/20 x 100) = min(100, 10.0/20 x 100) = 50.0 | ||||
| Interest Rate | 91.0 / 100 | 25% | 22.8 |
|
| Rate = 6.35%. Formula: (20 - 6.35) / 15 x 100 = 13.65/15 x 100 = 91.0. (Scale: 5% = 100, 20% = 0, linear) | ||||
| Loan Amount Fit | 65.2 / 100 | 15% | 9.8 |
|
| Amount $490,000 is within range $0-$7,500,000. Mid = $3,750,000, distance ratio = 0.43. Formula: max(60, 100 - 0.43 x 80) = 65.2 | ||||
| Term Match | 0 / 100 | 15% | 0.0 |
|
| Client term 300mo > Lender max 60mo (for interest_only) -> 0 (term too long) | ||||
| Payment Flexibility | 80 / 100 | 10% | 8.0 |
|
| Lender offers 2 type(s): interest_only, principal_and_interest. Base = 2 x 33 = 66. Client prefers 'interest_only' which is available -> max(66, 80) = 80 | ||||
| Turnaround Speed | 100 / 100 | 10% | 10.0 |
|
| Turnaround 24h (<= 24h) -> 100 (fastest tier) | ||||
| TOTAL | 100% | 63.0 |
|
|
| Base Rate | Investor full doc rate of 6.6% for Residential Long-term tier |
| Total | 6.6% as the base rate for investor full doc with no additional adjustments |
The client is classified under the 'Residential Long-term' tier as the property is residential and the loan term is long-term. The client is not self-employed and has a credit score that does not trigger Basecorp classification, thus requiring full documentation. The LVR is within acceptable limits, so no adjustments are needed.