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: refinance
Property Type: development
LVR: 44.78%
Amount: $1,800,000
Term: 9 months
Property Value: $4,020,000
Address: 38 Marina View Drive, West Harbour
| Filter | Result | Client Value | Lender Requirement | Note |
|---|---|---|---|---|
| Loan Type | Fail | refinance (development) | residential | Client: refinance (development property), Product: residential -> mismatch |
| LVR Limit | Pass | 44.78% | 80.0% | |
| Loan Amount | Pass | $1,800,000 | $0 - $7,500,000 | |
| Security Type | Fail | development | residential | development not accepted |
| Credit Score | Pass | - | - | |
| Monthly Turnover | Pass | - | - | |
| Property Owner | Fail | No | Required | Property ownership required |
| Borrower Type | Pass | - | Any |
| Dimension | Raw Score | Weight | Weighted Score | Visual |
|---|---|---|---|---|
| LVR Headroom | 100 / 100 | 25% | 25.0 |
|
| Lender max LVR 80.0% - Client LVR 44.78% = 35.22% headroom. Formula: min(100, headroom/20 x 100) = min(100, 35.22/20 x 100) = 100 | ||||
| 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 | 79.2 / 100 | 15% | 11.9 |
|
| Amount $1,800,000 is within range $0-$7,500,000. Mid = $3,750,000, distance ratio = 0.26. Formula: max(60, 100 - 0.26 x 80) = 79.2 | ||||
| Term Match | 0 / 100 | 15% | 0.0 |
|
| Client term 9mo < Lender min 300mo -> 0 (term too short) | ||||
| Payment Flexibility | 66 / 100 | 10% | 6.6 |
|
| Lender offers 2 type(s): interest_only, principal_and_interest. Base = 2 x 33 = 66. Client has no preference -> 66 | ||||
| Turnaround Speed | 100 / 100 | 10% | 10.0 |
|
| Turnaround 24h (<= 24h) -> 100 (fastest tier) | ||||
| TOTAL | 100% | 76.2 |
|
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