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Flying Solo: Property Ownership Without a Partner · That Home Loan Hub

• 0:10
  Speaker 1: You don't need a partner to buy property.
• 0:12
  Speaker 1: Solo buyers, this one's for you, kia ora, and welcome back to that Home Loan Hub.
• 0:18
  Speaker 1: I'm your host, zibunisa Alimova, mortgage advisor, mom of four and your biggest cheerleader when it comes to making smart moves with money.
• 0:26
  Speaker 1: Now, today, I want to speak directly to all the solo buyers out there.
• 0:32
  Speaker 1: Maybe you're single, divorced, widowed or just doing life on your own terms, and maybe you've been thinking I'd love to buy a home, but I probably need a partner to do it Wrong.
• 0:45
  Speaker 1: Let me tell you something you don't need a second name on a loan to own a piece of the world.
• 0:52
  Speaker 1: This episode is for the independent legends, especially women, who are ready to make it happen.
• 0:59
  Speaker 1: Solo, let's go.
• 1:01
  Speaker 1: Solo doesn't mean stuck.
• 1:04
  Speaker 1: A lot of people assume that buying on one income equals impossible.
• 1:09
  Speaker 1: It's harder, sure, but not impossible.
• 1:12
  Speaker 1: Banks don't require you to be in a couple.
• 1:16
  Speaker 1: They care about your income, your deposit, your credit history and your overall financial health.
• 1:23
  Speaker 1: If those pieces are strong, being single doesn't matter.
• 1:28
  Speaker 1: You can still be approved, and actually many of my strongest applicants are solo buyers because they have full control over their spending no messy joint finances and solid routines.
• 1:41
  Speaker 1: In fact, a lot of my solo buyers are amazing at budgets as well.
• 1:47
  Speaker 1: Now let's talk numbers deposit and income.
• 1:51
  Speaker 1: You don't need 20% to buy.
• 1:55
  Speaker 1: Let me repeat that, you do not need 20%.
• 2:01
  Speaker 1: With the Kayanga Auto First Home Loan, you can buy with as little as 5% deposit.
• 2:09
  Speaker 1: There are property and income caps, yes, but an incredible option for single buyers.
• 2:12
  Speaker 1: Even outside of that, many banks will consider 10% deposit.
• 2:16
  Speaker 1: With good financial hygiene.
• 2:18
  Speaker 1: That means clean bank statements, stable employment, manageable debt levels and no random $800 sheen orders during the pre-approval process.
• 2:30
  Speaker 1: Now let's look at a case study Amy the self-made queen.
• 2:34
  Speaker 1: Let me tell you about Amy.
• 2:35
  Speaker 1: She's a single mom of two working full-time in healthcare.
• 2:39
  Speaker 1: She came to me thinking she had no chance.
• 2:42
  Speaker 1: She'd been told by her bank that her income wasn't enough and that she needed a partner to get across the line A story we hear too often.
• 2:50
  Speaker 1: I reviewed her situation and saw immediately she was 90% of the way there.
• 2:55
  Speaker 1: Her deposit was 10%, her credit was clean, she had no debt and, most importantly, she was determined.
• 3:04
  Speaker 1: We applied through a non-bank lender, used a low deposit product and guess what?
• 3:08
  Speaker 1: Two months later, she had her own keys to her own home and live in.
• 3:14
  Speaker 1: She cried when she got that approval.
• 3:15
  Speaker 1: Guess what?
• 3:17
  Speaker 1: I cried too.
• 3:17
  Speaker 1: And the best part?
• 3:19
  Speaker 1: She said I didn't know I could do this without a man.
• 3:23
  Speaker 1: You absolutely can.
• 3:26
  Speaker 1: You don't need a man to make it happen.
• 3:28
  Speaker 1: And look for those solo mans out there.
• 3:30
  Speaker 1: You don't need a woman to make this happen.
• 3:31
  Speaker 1: You can do it on your own.
• 3:34
  Speaker 1: Now, what makes a strong solo buyer?
• 3:35
  Speaker 1: If you're going to do it alone, here is what really helps.
• 3:39
  Speaker 1: Listen up Proof of income stability.
• 3:43
  Speaker 1: We need you on consistent salary or self-employed earnings for more than 12 months.
• 3:48
  Speaker 1: We need low debt levels.
• 3:51
  Speaker 1: So personal loans, credit cards, afterpays keep them in check or close them up entirely if you can do so.
• 3:59
  Speaker 1: Realistic budget Don't shoot for that $1 million house on a $70,000 income.
• 4:05
  Speaker 1: Be smart.
• 4:06
  Speaker 1: Look where it's affordable and really important.
• 4:10
  Speaker 1: Good bank account conduct.
• 4:12
  Speaker 1: Lenders look at the last three months of your spending, keep it tidy and, of course, get a mortgage advisor on your team.
• 4:19
  Speaker 1: Hello, that's me.
• 4:21
  Speaker 1: And what if you're starting from scratch?
• 4:25
  Speaker 1: Even if you're not ready today, we can build a plan.
• 4:29
  Speaker 1: I work with solo buyers who are six months out and 12 months out and we do things like setting up a saving strategy, paying off bad debt, fixing credit scores, choosing the right KiwiSaver fund.
• 4:42
  Speaker 1: You don't need to have it all figured out before you reach out.
• 4:46
  Speaker 1: That's what I'm here for, and so is my team.
• 4:49
  Speaker 1: And to every woman, every solo dad, every independent human listening, I want you to hear this you are enough.
• 4:57
  Speaker 1: You can buy a home on your own and you don't need to wait for someone else to come along and complete the plan.
• 5:05
  Speaker 1: Your name, your loan, your front door let's go get it.
• 5:11
  Speaker 1: Thanks for tuning in to that Home Loan Hub.
• 5:13
  Speaker 1: If this episode lit a fire in you, share it with a friend, follow the podcast and message me.
• 5:20
  Speaker 1: Let's build your solo home ownership plan together, because owning your own home wow, that's a love story you write for yourself.