Mark and Melissa had been trying to get into the Sydney property market for nearly 10 years. More than half a dozen different banks had told them they lacked the income to service a mortgage on a home in Sydney.
Determined to achieve their goal, they spoke to ANSA Capital after being referred by friends. Adopting a completely different strategy to other builders, ANSA Capital packaged up a house and granny flat – a four bedroom home for Mark and Melissa’s young family, and a 2 bedroom granny flat that rented for $360 a week.
The ANSA Capital structure made all the difference. As Melissa describes it … “the Granny Flat makes up about 20% of our house plan but pays nearly 50% of our home mortgage” Not only did the Granny Flat mean they could get a loan for a home where they wanted, but the cost of living is much more manageable.