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 – 15th March 2021
|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|
|BlueStone||0.90% + 0.30% (after 18 & 24 months)||N/a||N/a|
|First Mortgage Trust||Fee Charged||N/a||N/a|
|Heartland Bank (Reverse Mortgage)||1.50%||N/a||N/a|
|NZCU (Personal Loans)||1.00%||N/a||N/a|
|Southern Cross||Fee Charged||N/a||N/a|
|The Co-operative Bank||0.70%||N/A||$150|
From time to time we may receive additional referral payments from our business partners. Some advisers may receive payments for referring mortgages, Life and Health insurance, KiwiSaver, currency exchange 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.
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