Is there an avenue for someone who desperately wants to own their own home but through previous poor business and investment decisions has little to no deposit and a less than favourable credit rating? Is a joint venture situation a possibility?

Hi Dan,
There are options but it will depend on just how bad the credit defaults are and how long ago they happened.
They could buy a property as joint tenants with a person who has a deposit, provided that the servicing is ok and the defaults have been paid out.
Meet with an experienced broker who can assess the situation and make a recommendation based on the facts.
Good luck
Scott

There are lenders who will still lend with previous lending history that is not squeaky clean, however a full financial analysis and good explanations will be required by both the mortgage insurer and the lender but it will all depend on how badly your credit rating has been damaged and how long ago it happened and servicing of the loan and deposit will be the determining factors in the bank approving the loan. Happy to have a discussion over the phone to see if i can help.