Sometimes your home can do more than just give you a place to live—it can help you take the next big step in your career or business too.
This client came to us looking to review their lending with a very specific goal in mind: to buy out their business partner and take full ownership of a shared business. With strong equity in their home, we looked at how we could structure lending to make this move as cost-effective as possible—avoiding high commercial rates where we could and keeping the process smooth.
Here’s how we helped:
Step 1: Understanding the full picture
The goal was to buy out a business partner and take over the company entirely. With strong equity in the property, we explored how to maximise lending on residential terms—keeping interest rates down and cash flow healthy.
Step 2: Exploring lender options
We approached ASB and ANZ—both banks with solid business lending options and flexible structures. Offers were sent in from both banks, and we worked to keep them valid while our client finalised financials and negotiated a purchase price.
Step 3: Supporting the transition
Once the final numbers were confirmed, ASB were quick to update their offer. ANZ, on the other hand, required a full new application. With similar interest rates across both lenders, plus a solid cash back from ASB, this made the decision pretty easy!
Step 4: Making the right choice
With a strong offer on the table and support across both residential and business banking, ASB proved to be the best fit. Our client is now on track to take full ownership of the business—with a cost-effective lending structure to support future growth.
The result?
A smart and strategic lending solution that allowed our client to step into full ownership of their business—while making the most of the equity in their property. The right structure made all the difference.