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Home Loan FAQs NZ

Normally nothing, in fact we can often save you money. In most cases the lender will pay us a commission once your loan settles. This pays us for all the time and effort we put in for you. In some cases this may not be the case, but if a fee will be charged to you this will fully disclosed upfront.
Home Loan FAQs NZ
It is advised to start your home buying journey by reaching out to a mortgage adviser. We can have a look at your situation and number and advise a path forward. From here we may be able to submit a pre-approval application for you. If you don’t fit the criteria for a pre-approval we can advise how much you can afford to purchase for and then submit an application on your behalf once you have an offer accepted. Alternatively if you’re not quite ready to purchase, we can help you make a plan to get into the position to get approved in the near future.
When you meet with a mortgage adviser we have access to multiple banks, servicing calculators and multiple lending criteria. When you meet with a bank they have access to just their calculator and criteria. We use our large suite of lenders to find the best fit for you. This could be the bank with the best calculator and criteria for you, it may mean the bank with the best offer for you, or it may be the bank that has the best banking products for you. We can also give you financial advice the bank can’t, such as how to structure your mortgage to reduce your interest costs.
As soon as you start thinking about buying a house. It’s never too early to reach out to a mortgage adviser. If you think you’re a couple of years away, or think you’re ready to buy tomorrow we can give you advice on whether you’re on the right track or if you have to make a few tweaks to maximise your approval chances.
In New Zealand you can purchase a home with as little as 5% deposit *criteria apply. Also if you have a family member that has equity available in their home and are prepared to act as a guarantor for you, you can potentially purchase with no deposit. Get in touch today and we can discuss your specific scenario and how much deposit you require to purchase a property. Calculate Your Home Loan

While our services are completely free, there are other professionals you’ll need to work with when buying a property. To help you plan your budget, here are some approximate costs you can expect:

  • Lawyer: Your lawyer or solicitor will handle the property transaction, manage your Kiwisaver (if applicable), and take care of the title transfer and the exchange of funds between you and the seller. Their fees typically range from $1,500 to $2,500, depending on the property.
  • Registered Valuation: The bank may require a registered valuation, and we can guide you through this process. Valuations usually cost between $800 and $1,200, depending on the property, and we can arrange this for you.
  • Builder’s Report: It’s a good idea to have a builder inspect the property before finalizing your purchase. They’ll check the structural integrity of the house, the quality of the cladding, and other important factors. A builder’s report typically costs between $400 and $800.
  • LIM Report: A LIM report is ordered through your council, typically however your lawyer will order this, then read it for you and make you aware of anything of significance. It is a comprehensive report that contains all relevant information the Council knows about a property, such as boundaries, zoning and consents. This will typically cost you $250 – $700
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