How Is This Service Free (conditions apply)

Some of the most common questions we get asked are:

How does a Pope & Co. mortgage broker get paid?

The bank which provides the home loan pays us a commission on settlement for our time and work. Normally our service is free.

However, there are some conditions:

  1. The loan must stay with the bank for up to 18 months. Otherwise, we may have to repay some or all that commission.

  2. An important part of our free service criteria is that you use us exclusively to arrange your home loan. Otherwise, we can spend a lot of time and expertise and not get paid for our service. If you plan to engage banks or other brokers as well as work with us we may need to charge a small fee if you obtain the loan elsewhere.

It’s really important to communicate your intentions with us, or let us know if anything changes.

Do you charge a fee?

If you work with us exclusively to arrange your loan there is usually no fee.

However, on the rare occasion where a fee is charged, it is agreed in advance.  It is usually for:

  1. Bridging finance when all or most of the loan will be completely repaid within a short period,

  2. Occasionally for commercial and business loans,

  3. Short-term loans for debt consolidation, to avoid mortgagee sales and adverse credit, or

  4. Any loan where the bank or lender doesn’t pay us a commission.

Why should we use a Pope & Co. mortgage broker?

  1. Craig Pope, Managing Director, is ranked in the Top Ten NZ Advisers nationwide and has been a NZ Mortgage Adviser of the Year finalist. Pope & Co. is an Electra Business Award winner, so you can expect top service.

  2. We offer a convenient, accessible service and are available seven days a week.

  3. We have access to many banks and lenders and can provide you with choice and impartial advice. This saves you time (and stress!) particularly in complex situations including low-deposit loans, buying an investment property, building a new home, refinancing existing loans, securing a bridging loan or consolidating debt.

  4. Our experienced staff can provide you with guidance throughout the entire buying process, including access to lawyers, building inspectors and insurance advisers, should you need them.

  5. We settle large volumes of business, so we have excellent relationships with all the major banks which helps us negotiate sharp interest rates for our clients.

  6. We provide you with free online property valuation reports to help with your buying decisions.

  7. We can provide a comprehensive mortgage reduction plan to help get you mortgage free faster.

  8. We provide free ongoing help with top-ups, restructures, rate refixes and debt reduction throughout your loan life-cycle.

You can call us on 0800 000 517 or email Craig.

 

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