We’ll meet and discuss your needs
We’ll go and get approval from the best bank for you
Pre-approval!
We’ll negotiate interest rates and meet to talk about how you’d like to structure your mortgage
You’ve got yourself a house!
You’re so close, you’ve been scouting the property market for months, you’ve been to countless open homes and talked to seemingly every agent in town and now you’re ready, you’ve found it… the one! Your dream home or investment opportunity!
Unfortunately, now comes the hard bit… getting it over the line. You need to tick many boxes and finance approval is one of the big ones.
We will walk you through the process of buying your first (or next) property, making sure to provide you with crucial information every step of the way, pulling out all the stops to get you over the line in time so that you don’t miss out on your dream home or investment opportunity.
If you would like this important information as an A4 PDF, click here.
Our services include:
Please refer to each adviser’s profile page for their particular service.
Almost all Mortgage Lab services are at no direct cost to you as our brokers get paid a commission by the banks and other lenders when a mortgage is finalised or refixed.
The exceptions to this:
The commissions paid are below. These commissions are accurate at the time of writing – 21st June 2022
Lender | Upfront | Trail | Refix |
ANZ | 0.85% | N/a | $150 |
BNZ | 0.55% | 0.15% | N/a |
ASB | 0.85% | N/a | $150 |
Westpac | 0.60% | 0.20% | N /a |
Sovereign Home Loans | 0.60% | 0.20% | N/a |
ASAP Finance Limited | Fee Charged | N/a | N/a |
Avanti Finance | Up to 0.80% | N/a | N/a |
Cressida | Fee Charged | N/a | N/a |
DBR | Fee Charged | N/a | N/a |
First Mortgage Trust | Fee Charged | N/a | N/a |
Heartland Bank (Reverse Mortgage) | 1.50% | N/a | N/a |
Liberty Financial | 0.60% | 0.15% | N/a |
NZCU (Personal Loans) | 1.00% | N/a | N/a |
RESIMAC | 0.60% | 0.15% | N/a |
SBS Bank | 0.80% | N/a | $150 |
Southern Cross | Fee Charged | N/a | N/a |
The Co-operative Bank | 0.70% | N/A | $150 |
Our list of 25 approved providers is as follows
Main Bank Lenders
Non Bank Lenders
Please refer to each individual adviser for the full list of lenders that adviser can work with.
We may also receive a referral fee from some partners. These include:
Mortgage advisers (often called mortgage brokers) are paid by the bank when a mortgage is drawn down. If that mortgage is discharged (repaid and closed) within a short amount of time – typically 27 months – the broker must repay some or all of the commission (often referred to as a clawback). In this instance, the mortgage broker has essentially done the work for no pay.
We reserve the right to charge for our time if a clawback is incurred. The fee will be the estimated amount of hours the mortgage took at an hourly rate of $250 per hour. Unlike other fees, such as Break Fees from the bank, we have capped the amount we can charge clients at $2,500.
If you are refinancing or selling your house, the best thing to do is immediately talk to your adviser and discuss if any clawback fees will be charged.
Our Advisers can work with the following KiwiSaver providers:
Please check the individual adviser profile pages to see who that particular adviser works with.
From time to time we may receive additional referral payments from our business partners. Some advisers may receive payments for referring Life and Health insurance, KiwiSaver, currency exchange, Real Estate Agents or Fire and General insurance. Mortgage Lab and the advisers do a significant amount of due diligence to make sure that all referrals are to companies of the highest quality and compliance standards. The decision to refer to a partnering business is based on quality service first and the payment received second.
From time to time a product provider may give us a gift, hamper or ticket to an event. The decision to refer to a product provider is based primarily on the best product for the client, not because of any gift received. We follow a six-step advice process to assess which product is best for you.
We are bound by the duties of the Financial Markets Conduct Act (431I, 431K, 431L and 431M) to:
Mortgage Lab holds a Full license as a Financial Advice Provider. All Advisers are Financial Advisers (FAs) belonging to Mortgage Lab’s license.
Mortgage Lab’s Financial Service Provider number is: FSP587228
Our office contact details are:
Address: 30 Caldera Crescent
Phone: 09 886 9779
Email: info@mortgagelab.co.nz
Website: www.mortgagelab.co.nz
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