Case Studies


Case Study One
Case Study Two
Case Study Three

Case Study 1

#inheritance #twodependantchilren #bankruptcy #centrelink

The Situation

A young married couple, Matt and Megan, who live on the Gold Coast and have two young children recently came into an inheritance and were able to build their family home without taking out a mortgage. Their home is valued at $620,000 and they wanted to use the equity in the family home to furnish the house – $70,000.
Matt had a business five years ago that failed and he came out of bankruptcy in January 2016.
Mark has a job at the local supermarket and has been working there for 3 years; on a permanent part time basis. Megan receives Family Allowance benefits and a Centrelink parenting benefit.
They started looking for a lender who could assist them, as they had to use the Parenting Allowance to service the mortgage.

The Solution

Based on the facts above, the mortgage broker suggested going to Pepper Money for the loan.
An application was sent to Pepper Money and the lender was able to assist Megan and Matt in offering a loan for $70,000 – as furnishing the property was considered to be an acceptable purpose for the funds. Pepper Money was able to use the Family Allowance benefits part A & B plus the Parenting Allowance plus Matt’s income to service the loan.

Pepper Money will also consider renovations, business use and payment of ATO debts as acceptable purposes.

For any queries please call Dave Rase on 0421 162517, book a meeting on the left of your screen, or email:

Case Study 2

#businessowner #default #businessloan #altdoc

The Situation

At age 37 Jimmy was a business owner who needed $160,000 to purchase some trucks to expand his business. He was a company director and had been operating as a transport business for more than 12 years.
He had one paid commercial default of $64,000 on his CRAA that had been listed for just over 24 months. He had a business loan of $80,000 secured against his home valued at $814,000 plus a mortgage of $370,000.

The Solution

Jimmy qualified for a Pepper Money home loan as his business had just won a substantial contract and his net profit had increased to $280,000. His most recent financial statements were not yet completed so he used an Alt Doc to consolidate his business debts and home loan. Alt Doc loans offers 3 choices of providing income documentation -1) 6 months business statements 2) 6 months BAS statement 3) or his accountant could complete Pepper Money’s accountant’s letter.

Pepper Money has no cash out limit for acceptable purposes; this includes purchasing property and vehicles.
For any queries please call Dave Rase on 0421 162517 or email:

Case Study 3

#consolidate #liquidation #debts #widow

The Situation

Trish is in her late 50’s and had been looking to consolidate $100,000 in business debts. Her husband had died a year earlier and his company had ceased trading; Trish was a director and shareholder in the company. The company was placed into liquidation and $100,000 of unsecured business debts were being called in which were secured by the family home.
Trish was earning $82,000 per year and had been working in a full time role as lecturer for 8 years. The house was valued at $850,000 and had a mortgage of $130,000.

The Solution

Trish qualified for a Pepper Money home loan. In this case it was necessary to sight documentation (e.g. Deed of Company Arrangement) from the liquidator confirming that once the $100,000 business debt was paid out the company would have satisfied all financial obligations.
The loan was subject to the normal lending criteria including a loan term that was appropriate for Trish’s retirement.

For any queries please call Dave Rase on 0421 162517 or email: