Meet Sheena and Jamie...

Sheena and Jamie*, a newlywed couple, are looking to purchase their first home.

Young couple with a child



  • Jamie has been a self-employed painter for more than 3 years.
  • He has no blemishes on his credit file and is taking home approximately $65k, which is confirmed on his tax returns and notice of assessments over the last 2 years.
  • Sheena is a stay-at-home mum who receives family tax payments for their 1-year-old son.
  • Jamie has a vehicle, and his only other debt is a credit card with a limit of $5k


Their current situation

  • They want to borrow $340k on a property valued at $400k and understandably want to minimise any fees.
  • They’ve received a generous wedding gift from Jamie’s father, which they hope to use as part of their deposit. However, some banks see it as ‘non-genuine’ savings.


Real life solution

  • Since Jamie is able to supply the most recent 2 years of tax returns, he qualifies for a Pepper Prime home loan, and can apply using a full doc application.
  • The LVR is less than 85%, so there is no LMI or equivalent fee payable.  
  • Pepper Money can accept non-genuine savings up to 90% LVR.




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Non-bank lending making a real life difference.

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* Fictional scenario. These case studies are based on real-life examples, are not testimonials and have been provided for educational purposes only. They are not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Outcomes will vary depending on the applicant’s individual circumstances. Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply.

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