Kiwi Adviser Network Quiz

Which Statement best describes Pepper Money's approach to assessing home loans?

• Every home loan application is manually assessed by our inhouse underwriter

• Applications submitted by 1 pm will receive an answer the same day

• Credit scoring is not used

• Both A & C

What support options do you have access to with Pepper Money?

• Online adviser portal and pepper Product selectors digital BDM

• Dedicated scenarios team and 0800 number

• Dedicated KAN BDM

• All the above

On which of the following products does Pepper Money allow for debt consolidation on an unlimited number of debts, including payout of IRD debt?

• Prime

• Near prime

• Specialist

• Both B & C

What is the maximum LVR for owner occupied existing dwelling & completed turnkey?

• 85%

• 90%

• 95%

• 100%

How many accounts can offset a Total Money home loan?

• 25

• 50

• 75

• 100

With Liberty to what level against the valuation can you borrow against bare land.

• 70%

• 60%

• 65%

• 50%

For income verification for self-employed if Two years financials are not available what can Liberty accept:

• an Accountants letter (format supplied by Liberty) and either 6 months GST returns or 6 months business bank statements.

• Projections of financials signed by accountant and one year’s financials

• IR3 return with 6 to 12 months cash flow projections.

Mario has been working as Registered plumber on PAYE for EZY plumbing company for Ten years. Six months ago, he went out on his own and set up his own plumbing company. He has now applied to refinance his home loan and do a small equity release for capital to do up his workshop. What will Liberty use for income verification:

• Evidence previous PAYE income

• 6 months cashflow (business account) and projected cash flow for twelve months

• 6 Months GST returns

• Self-declaration of income

What is ANZ’s current SSR rate?

• 7.15%

• 7.25%

• 7.10%

What is ANZ’s min UMI requirement for loans 80-85%?

• $450

• $600

• $800