Case study

First home buyer

Kate had been living and working overseas for the past 2 years. She returned to New Zealand 6 months ago and wanted to buy her first home. Due to Kate’s limited savings as a result of her travels, she wasn’t sure she was going to be able to achieve this dream. Kate sold her Vespa and shares for $20,000 to put towards a purchase. The application was sent into Liberty who was able to use the proceeds as evidence of Kate’s genuine 10% savings. A loan of 90% of the property value was approved and Kate was able to purchase a small unit for $200,000 getting her into the property market.

*This case study is based on the experience of multiple customers. Details have been changed to protect their privacy.