Frequently Asked Questions

Why use a Mortgage Adviser / Broker?

You will never know if you have the right advice, mortgage product and structure for you unless you have seen us at Mortgage Link Kapiti.

It is impossible for a lender or bank, including your own, to provide the impartial advice and advocacy, and in most cases the experience for you, that we as a broker / adviser can.

The mortgage broking profession is now well established in New Zealand with brokers writing approximately 30% of all home loan business (Australia 50%; USA up to  90%).

This figure continues to grow annually. Brokers / advisers offer choice, advice and expertise.Banks cannot. Many lenders have dedicated teams just to service broker business and some even use brokers exclusively.

Mortgage Link Kapiti?

Why Mortgage Link Kapiti?

Mortgage Link Kapiti advisers and brokers are unique in that are committed and resourced to be your adviser for as long as you want mortgage debt. We own the business and are here to stay with you all the way, to assist you meet your lifestyle goals.

Mortgage Link brokers draw upon a wide range of lenders with whom they have preferential service agreements with access to the very best terms, prices, discounts and lender support.

At Mortgage Link Kapiti, we have empathy with most folks needs, based on our own lifetime experiences as property and business owners and investors, financiers and family people.We have established unique relationships with local professionals.We are totally impartial. We do not particpate in "kick backs" like many of our opposition and banks.
Our clients are our biggest advocates -they keep coming back, and they refer their friends and famly.

In summary we are on your side to ensure you have what is right for you.

We are very good at what we do, and are recognised as such by our clients and professionals.

We understand that our reputation is our most valuable asset and that only you can establish and maintain that reputation.

So how does the process work at Mortage Link Kapiti?

At Mortgage Link Kapiti we recognise that no two borrowers situations are the same. So, we listen to your needs, proivide advice on structure for now and going foward and recommend lenders and products which we believe best meet those needs.

When you are happy to proceed, we collate and package your application to maximise the chances of success and submit this to the lender of your choice.

We liaise with other professionals (Solicitors, Valuers, Accountants, Real Estate Agents, Building Inspectors, Property Managers etc) as required to achieve the right outcome within the required timeframe. We make sure you have the right mortgage for you, for the least cost and hassle.

Thereafter we are always there for you to assist you meet your life style goals with advice on debt management, rate reviews, to liaise with your existing lender, funding top ups, your next next home, investment property(ies).

We want to be your mortgage adviser for as long as you need debt, to help you meet your lifestyle goals.

Mortgage Link Kapiti is a fully accredited member of The New Zealand Mortgage Brokers Association (NZMBA) set up to ensure minimum levels of experience and expertise and to uphold an industry code of ethics. There is recourse for you if necessary through NZMBA complaints process.

Who pays?

You Don't! There is no extra cost to you for our service. The lenders we represent pay us for successful placements with them. It is actually cheaper for banks to source mortgage loans through brokers than through their own networks. Brokers are not a fixed overhead to them.

There may be a charge if we are required to carry out work outside normal mortgage broking in which case we would provide full disclosure before any work commenced.

Do I need a deposit?

No. If you have good income, little or no debt and a clear credit check, we have access to 100% finance on very favourable terms. This may allow you to buy at today’s interest rates and house prices and get out of the rent trap sooner.

95% lending / 5% deposit is more common. In most cases you will need to prove you have saved 5% of the purchase price for any lending over 80%.

Keep records of savings and /or bank statements, and keep your credit rating clean!

I am in business. I hear banks are really tough on self employed. Can I get a mortgage?

Yes. One of the great things about being a Mortgage Adviser is that we can help everybody. We have over 25 mortgage suppliers, including some who specialise in lending to self employed folks- simply on your declaration that you earn $x, and that you think you can afford your financial commitments.

What is more, the products can be on prime terms and pricing! So you are not disadvantaged.

This applies equally to recently self employed or those of you who have been in business for some time but whose financial statements do not demonstrate the income necessary to service the loan.

I have had a few hiccups in my life recently, and as a result my credit record is impaired. Can I buy a home?

Yes. We have access to a number of lenders who specialise in lending to folks who have collections, defaults, judgements, bankruptcy against their credit record. They recognise their role is to assist credit impaired folks to "park up" with them for a short term then move on to "prime" once their credit record comes clean. You would be surprised at how affordable the interest rates and terms are. So you can buy that home, or rearrange your debts into one easy pay loan, until such time as your credit record comes clean, when we can refinance you back on prime terms. You can get on toward meeting your lifestyle goals.

I am a UK resident. I would like to buy a residential investment property in New Zealand. Is this possible?

Yes. At Mortgage Link Kapiti we have placed a number of loans with New Zealand lenders for offshore investors. We can liaise on line, email, phone. You will need to provide us with very good information and credit rating in your country to prove your creditworthiness and we will need to be satisifed as to your identity (ex. 9/11). Find out moe about overseas investment in New Zealand at the Overseas Investment Commission website.