Case study 3 — Ravi and Alice Patel Assignment

Case study 3 — Ravi and Alice Patel


Ravi and Alice Patel have been thinking about their future and are ready to purchase their first investment property.

They have lived in their current home for 10 years. They would like to utilise the equity they have built up to purchase an investment property in Kingswood, a suburb in Sydney’s west. They believe that the suburb has its good parts and is a growth area. It has a hospital, university and a new shopping precinct under development.

Ravi is a self-employed carpenter specialising in renovations and extensions. Alice is an interior designer and has been working part time since the children came along. With their combined skills they feel that taking on an older property and doing it up themselves will set them up to make a profit and/or build up equity in the short term, which will help them to scale up to their next investment property.

Ravi and Alice have been married for 20 years and have two teenage children. Their son Jay is age 16 and their daughter Zara is age 15. The investment property is located near a university and they feel this may be somewhere Jay and Zara could live while they attend university.

Alice contacted your office following a recommendation she found on a local Facebook group. After the complications they experienced when they got their home loan 10 years ago (as Ravi is self-employed) they decided to let a broker help them out this time round.

You have conducted an initial meeting with Ravi and Alice at their home. Following that meeting the clients have provided the information and documents that you requested — pay slips, tax returns, profit and loss and balance sheet for their company, bank statements, property details for review/verification.

They have been looking at properties for the past five months and have found an older established property set on a large 800 sqm block. It is in need of a new kitchen and the laundry is on the back patio and needs to be built in — to give it internal access, which will help to modernise the home.

The back outdoor decking area is also in need of repair. Ravi is able to undertake these renovations while Alice will paint and decorate.

They have signed a Contract of Sale and paid a 10% deposit. Settlement is due in 60 days.

The following is a summary of the details of the property they wish to purchase, the couple’s financial and employment details, and the loan features they require.

The property

Address3 Premier Street, Kingswood NSW 2747
Purchase price$660,000
Description3-bedroom, 2-bathroom house — 800 sqm block
Agent detailsJames Holmes – Star Partners
Agent’s landline(02) 9148 0025
Agent’s mobile0419 147 874

The couple

Current address12 Mascot Street, Lidcombe NSW 2141
Ravi and Alice have lived there for 10 years
Home phone(02) 9784 0454

Funds position

Purchase price$660,000
Clients’ estimate of statutory costs$25,000
Total required for the purchase$685,000
Loan amount$715,000
Client’s contribution (the clients wish to borrow 100% of the purchase price plus costs)$0

Use fees and charges applicable to the state of New South Wales. If a servicing calculator you are using requires a postcode, input 2141.


Penrith Mutual savings (joint)$35,000
Penrith Mutual transaction account (joint)$2,500
Residential property — 12 Mascot Street, Lidcombe$1,300,000
Toyota Prado 2015 (financed from home loan redraw)$48,000
Boat — Bar Crusher 2017$65,000
Superannuation — Penrith Mutual (Ravi)$300,000
Superannuation — Penrith Mutual (Alice)$120,000
Household effects (insured value)$140,000


Penrith Mutual home loan (joint)Balance $450,000 (repayments $1800 p.m.)
North Bank Visa card (Alice)$800 (limit $5,000)

Payments have always been met on time and any prior loans repaid in terms of contracts. The minimum monthly commitment on the credit card should be calculated at 3% of the credit limit.

Living expenses

Annual expenditure for living expenses — $55,000.

Employment and income

Ravi (age 44)

PositionCompany Director – Carpenter
EmployerSelf Employed – Jayzar Carpentry Pty. Ltd. A.C.N. 48 521 369
Phone0419 456 123
Time in business15 years
Driver’s licence789456

Alice (age 42)

PositionSenior Designer (part time)
EmployerElite Style Pty Ltd
Phone(02) 9741 1254
Income (gross)$45,000 p.a., monthly gross income: $3,750
Employer contactPrudence Fairchild – CEO
Length of service25 years
Driver’s licence784125

Company information

Company nameJayzar Carpentry Pty. Ltd.
A.B.N.48 521 369
Sole directorRavi Patel
Phone0419 456 123
Time in business15 years
Company assets
Cash at bank (working account)$25,000 credit
Accounts receivable$30,000
Ford Ranger Raptor$68,000
Trades Trailer$5,000
Penrith Mutual Business Visa facilityBalance $500 – limit $10,000 – balance cleared from working account each month
Penrith Mutual Chattel Mortgage (vehicle)$30,000 owing – repayments $750 p.m.
Year 20X1Year 20X2
NPBT $100,000NPBT $105,340
NPAT $75,000NPAT $79,000
Depreciation $8,000Depreciation $5,000
Director’s wages $50,000Director’s wages $50,000
Interest $1,800Interest $1,500

Solicitor’s details

Eastern Conveyancing

18 Rocks Road, Sydney NSW 2000

Phone: (02) 9351 8796


The conveyancer has quoted a fee of $1,500 for their services.

The loan requirements

  • 25-year term if possible
  • interest only variable interest rate (for this case use 4.70% p.a.)
  • interest only term five years
  • LMI premium to be capitalised onto the loan
  • proposed settlement date — 60 days from exchange of contracts.

Other information

  • The clients have advised that they do not want to pay ongoing monthly fees on their loan.
  • They want to keep repayments as low as possible.
  • They want to build equity as soon as possible, yet have asked for an interest only loan.
  • They would like to purchase a property at Nelson Bay within the next 10 years to use as a holiday home and plan to retire there.
  • Borrowing 100% of the purchase price plus costs
  • The property will be vacant for 12 weeks pending renovations.
  • They have expressed that they do not have a problem refinancing their current home loan if they need to, as they understand they will need to use their current home as cross collateral security to support the new loan.
Order Now

Get expert help for Case study 3 — Ravi and Alice Patel Assignment and many more. 100% safe, Plag free, 24X7 support, Order Online Now!

Universal Assignment (October 3, 2022) Case study 3 — Ravi and Alice Patel Assignment. Retrieved from
"Case study 3 — Ravi and Alice Patel Assignment." Universal Assignment - October 3, 2022,
Universal Assignment July 8, 2022 Case study 3 — Ravi and Alice Patel Assignment., viewed October 3, 2022,<>
Universal Assignment - Case study 3 — Ravi and Alice Patel Assignment. [Internet]. [Accessed October 3, 2022]. Available from:
"Case study 3 — Ravi and Alice Patel Assignment." Universal Assignment - Accessed October 3, 2022.
"Case study 3 — Ravi and Alice Patel Assignment." Universal Assignment [Online]. Available: [Accessed: October 3, 2022]

Please note along with our service, we will provide you with the following deliverables:

Please do not hesitate to put forward any queries regarding the service provision.

We look forward to having you on board with us.

Get 45%* OFF on Assignment Help

Most Frequent Questions & Answers

Universal Assignment Services is the best place to get help in your all kind of assignment help. We have 172+ experts available, who can help you to get HD+ grades. We also provide Free Plag report, Free Revisions at a Pocket Friendly cost, We offer Best Price in the industry guaranteed.

We provide all kinds of assignmednt help, Report writing, Essay Writing, Dissertations, Thesis writing, Research Proposal, Research Report, Home work help, Question Answers help, Case studies, mathematical and Statistical tasks, Website development, Android application, Resume/CV writing, SOP(Statement of Purpose) Writing, Blog/Article, Poster making and so on.

We are available round the clock, 24X7, 365 days. You can appach us to our Whatsapp number +1 (613)778 8542 or email to . We provide Free revision policy, if you need and revisions to be done on the task, we will do the same for you as soon as possible.

We provide services mainly to all major institutes and Universities in Australia, Canada, China, Malaysia, India, South Africa, New Zealand, Singapore, the United Arab Emirates, the United Kingdom, and the United States.

We provide lucrative discounts from 28% to 70% as per the wordcount, Technicality, Deadline and the number of your previous assignments done with us.

After your assignment request our team will check and update you the best suitable service for you alongwith the charges for the task. After confirmation and payment team will start the work and provide the task as per the deadline.

Yes, we will provide Plagirism free task and a free turnitin report along with the task without any extra cost.

No, if the main requirement is same, you don’t have to pay any additional amount. But it there is a additional requirement, then you have to pay the balance amount in order to get the revised solution.

The Fees are as minimum as $10 per page(1 page=250 words) and in case of a big task, we provide huge discounts.

We accept all the major Credit and Debit Cards for the payment. We do accept Paypal also.

Popular Assignments

Plant Production System Assignment Help

The Best Instant Academic Assistance Online Instant Plant Production System Assignment Help for Students Plant production system assignment help students help them understand the various theoretical and practical aspects of the subject. It is an intensive study of the scientific methods of plant production for an effective and economized production

Read More »

Integrated Science Assignment Help to Boost your Grades Immediately

Integrated Science Assignment Help for Students Integrated Science is taught from a high-school level. This consists of an investigative study of physics, chemistry, biology, forensic science, biotechnology, and geology. This is a course that introduces young students to the interconnectedness between all the scientific knowledge. Students require integrated science assignment

Read More »

Top Human Biology Assignment Help from Experts

Ask an Expert for top Human Biology Assignment Help Sometimes, expert guidance with Human Biology assignment help is all you need in order to boost your grades. Universal Assignment Help Service is a top-ranking student-help platform that offers a wide range of services for students. Students can order human biology

Read More »

Aviation Assignment Help from Experts

The Most Trusted Guidance for Students Aviation Assignment Help for All Challenging Problems Aviation assignment help online from the greatest experts can relieve student pressure to a great extent. It is well known that aviation is an extremely challenging stream, as it is, and students have to keep too many

Read More »

Growing demand for Assignment Help in Ireland

The number of multinational corporations choosing Ireland as their regional headquarters is increasing. So more and more students are choosing Ireland as an idle place to take their degrees. But studying in universities and keeping up the pace is not an easy task and getting good marks is not enough

Read More »

Board appraisal report

Weight: 40% Format: 2,000-word written report. Note: All written assessments should be submitted as Word files (.docx) (Word is available from your AIB Office 365 account) Summary Write a 2000-word Board Appraisal Report where you will evaluate an organisation’s corporate governance practices, board structure including committees and board diversity against

Read More »

49102: Traffic and Transportation

Assignment 2: Transport Modelling and Operations Due: 7 October 2022 This is an individual assignment Please answer the following questions and present your work in a report format clearly including your name and student ID on the cover page. Submit a PDF of your report into the Assignment Activity shown

Read More »

ENV3105 Hydrology Assignment 2

Assignment 2 Due date:       04 October 2022 Weighting:   25% (250 marks) 1. Overview This assessment is designed to test your achievement of selected learning objectives of Modules 6 to 9. In particular, the assignment involves estimation of urban design discharges, reservoir routing and water balance. It is intended to reinforce and

Read More »

Assessment 1: The Journal of Biological Chemistry

Guide abstract All cells within the body are bathed in a fluid. The composition of this fluid is tightly regulated to contain specific levels of various ions. Disruption in the balance of these ions can lead to cell death and damaging inflammation. However, standard surgical practice fails to consider these

Read More »

Project 2: Assignment on Scheme

Due: Oct 1, before midnight. This document first provides the aims of this project. It then lists the requirements as explicitly as possible. It then hints at how these requirements can be met. Finally, it describes how it can be submitted. Aims The aims of this project are as follows:

Read More »

Analysis of Rube Goldberg machine

Week 5 homework for tutorial  In week 4 we needed to also look at how many failures we could have to meet our six sigma level – we will also need to look at this for the times for each stage and total time. To effectively put the flame out

Read More »


ASSESSMENT BRIEF 3: Calculations Summary Title Calculations Due Date Monday the 3rd of October at 11:59 (NSW) AEST – End of Week 5 Length 1000-word (does not include equations, charts, graphs or tables) Weighting  35% Submission  WORD document submitted to Turnitin Unit Learning Outcomes  ULO 3: apply basic statistical analysis

Read More »

THT3114 Research Proposal

Mini Report Assignment 2 Executive Summary (100- 150 words) This is the summary of your research and thus needs to be completed after you have completed writing your research proposal. This is not counted towards the word count. Mention the key aspects of the research proposal. Separate paragraphs Area of

Read More »


ASSESSMENT TWO: LITERATURE REVIEW – DATA MINING TO RESEARCH PROPOSAL – DESIGN RESEARCH INSTRUMENT – PRESENTATION) Task Length: Mini Report (750 words) – Research Proposal) Presentation – Not more than 15 Slides –  (Templates Provided for both the mini report and presentation)  Duration of the Video Presentation – Not more

Read More »

Assignment on COVID-19 pandemic in the hospitality industry

Exploring the new health and safety innovative business practice to restore consumer confidence in the COVID-19 pandemic in the hospitality industry Task Length: Report – 2000 words (+-10%) Task Type Individual Due week and submission deadline Week 11 – SUNDAY – 02/10/2022 – 23:59 Value 40%   PART A: On

Read More »

Assignment Help in Israel

Leading assignments help in Israel Israel is known for its high-tech development, innovations, and entrepreneurship, and is home to the best start-ups in the world. Students from all over the world are drawn to this ecosystem of “innovation and development,” which is supported by a robust higher education system with

Read More »

Animal Production System Assignment Help

Animal Production System Assignment Help: Get 100% guaranteed Expert Assistance Immediately Where can you find the best Animal Production System Assignment Help Online?  Animal Production System assignment help online can boost student results while encouraging interest in the field. The hectic schedule of students, along with their burden of various

Read More »

Immediate Calculus Assignment Help from Top Experts

Immediate Calculus Assignment Help from Top Experts Calculus Assignment Help to Boost your Grades Students can now order instant Calculus assignment help on Universal Assignment Help Service in a fast and easy way. Calculus in taught at a slightly advanced stage of school, and can be an exciting subject in

Read More »

Mathematics Foundation Assignment Help

Effective Mathematics Foundation Assignment Help for Students: Order Expert Solutions Immediately Mathematics Foundation Assignment Help for Students Students often require mathematics foundation assignment help for clearing doubts, understanding the derivation of a formula or theorem, or getting urgent solutions to certain mathematical problems. Online mathematics foundation assignment help is extremely

Read More »

Mathematics Application Assignment Help

Top for Students: Order Expert Solutions Immediately for the Best Results Why do students need Mathematics Application Assignment Help? Mathematics Application assignment help can lead students to perform excellently in the subject in a convenient and relaxed way. Many students find it difficult to apply theoretical knowledge in large and

Read More »

The finest assignment helps in Saudi Arabia

Many students dream to study in Saudi Arabia as they offer some of the best facilities, and they boast one of the most spectacular and rapidly expanding higher education systems in the Middle East. So, this should be of no surprise that every year, many international students prefer to register

Read More »

Expert Solutions for the Best Arithmetic Assignment Help Online

Instant Arithmetic Assignment Help for Students Students most often require Arithmetic assignment help online to solve various calculations. Universal Assignment Help Service provides the best solutions to all arithmetic problems for each student. Students simply have to upload their assignment guidelines on their website, and a customized and accurate assignment

Read More »

Assignment help in Cameroon

The Necessity of Assignment help in Cameroon Today management degrees are one of the most prestigious degrees out there and gaining immense popularity, this degree has the most demand in the market as new startups are emerging day by day, and every company needs the best people to run their

Read More »

Assignment Help in South Korea

Difference between a Good vs Great Online Assignment Tutor The e-learning market is growing at a fast rate due to digitalization. This fact causes an increment in the demand for online tutors as students worldwide searches for a suitable solution for online assignment help in South Korea. You might hear

Read More »

Assignment Help in Japan

Outside-The-Classroom Learning Opportunities It is a typical thinking lesson that stands inside the four walls of a classroom. Some educators say the classroom is the abode of learning and knowledge. We cannot prove these statements wrong. However, one thing is certain: they are partially correct. Learning of concepts starts in

Read More »

Assignment Help in Brazil

Why do Students Consider Online Assignment Help in 2022? Academic life is full of ups and downs. Students who experience such a phase struggle to maintain the equilibrium between personal and professional life. It is because of the load of homework, exams, and participation in extracurricular activities. These events cause

Read More »

Assignment Help in Taiwan

What are the Necessities of Assignment Guidance for Students? As technology takes a new turn around, homework assignments become lengthy and complex. This academic work needs lots of core subject knowledge along with proper research to finish it with proper care. Such work is very time-consuming and hectic for the

Read More »

Assignment Help in Hong Kong

Can You Achieve High Academic Results? Every student wishes to get top scores in their exams. Yet it does not happen if you do not get the correct assignment help in Hong Kong from an online tutor. Such support is in the form of tips, advice, hacks, or taking guidance,

Read More »

VU22977 – Practice in a Legal Environment

Advanced Diploma of Legal Practice – 22565VIC PORTFOLIO- CLIENT MATTER FILE Assessment task 1 Prepare a comprehensive portfolio of documents to create a Client Matter File which must include: Element 1 Area of law Cover sheet stating client name and short description of legal matter Client Instruction Sheet, Costs Agreement

Read More »

KIT714 ICT Research Principles: Assignment 1

Practical Qualitative Research Exercise                                                                                                                                         Type:                 In-Semester, Individual Assignment Task Length:   minimum 2,000 words Weighting:     20% of total assessment for this unit Due Date:       Friday 5 August 2022 – 11:55 pm (Week05) Submission:    electronic submission on MyLO (WORD or PDF) Description:    This practical exercise will engage students in a qualitative research

Read More »

Can't Find Your Assignment?

Get Free Assignment

Open chat
Free Assistance
Universal Assignment
Hello 👋
How can we help you?