Background
Client was looking to purchase their first propertv. The original intention was to buy land-only but this was not going to allow the client to access First Home Buyer benefits. An existing home that needed renovation was purchased with land fundamentally unimproved Client was originally looking at larger land with now dwelling on it where funding would be been only at 70-80% (instead of 95%). By lending more and altering the intention, client could keep cash aside to immediately renovate the home, build a shed and stock proof the fencing. All additions will add significant value to the property and the clients equity.
