One of the smartest moves in property ownership is knowing how to make your equity work for you—especially after buying a new home. That’s exactly what this client did when they came to us ready to take the next step with an investment property.
After recently purchasing a new owner-occupied home and settling in, they were keen to jump back in and secure an investment property in the Waikato. With low lending still sitting on the new home, it was a great time to figure out what was possible.
Here’s how we helped:
Step 1: Understanding the full picture
With a new home recently purchased and minimal lending in place, this client had strong equity available. Their goal was to reinvest smartly into a second property, this time to generate rental income and long-term growth.
Step 2: Exploring lender options
Since the current home was held with ASB and would be used as security, we approached ASB directly. Their existing banking relationship and the strength of the equity made this a straightforward starting point. We secured a preapproval for the new purchase, using the owner-occupied property to support the borrowing
Step 3: Updating the deal for renovations
Once the right investment property was found, we updated the offer with ASB. We also increased the lending slightly to cover some planned improvements—getting the property ready for tenants and adding value from the outset.
Step 4: An easy choice
With competitive interest rates, a solid cash back offer, and the simplicity of staying with the same bank, ASB stood out as the clear choice. The recommendation was to move ahead with them and keep everything under one roof.
The result?
An efficient and flexible lending setup that allowed our client to grow their property portfolio with little hassle—leveraging existing equity and moving confidently into their next investment.