Category: Non-Bank Lending

Getting a mortgage can be challenging if you have bad credit or no credit history. Banks tend to perceive you as more of a risk and are generally less inclined to approve your home loan application.  But that doesn’t mean it’s impossible to get a mortgage. Here at iLender, we work closely with many lenders […]

  ‘House prices down’ ‘First home buyers finding it impossible’ ‘Investors exiting the market’ Such headlines are gross exaggerations and often blatant misrepresentations of the truth. The Housing Market This is flat, but stable. QV (NZ’s leading provider of rating and valuation services) predict that while sales volumes will be negatively affected by house prices, […]

When it comes to choosing a mortgage, it’s important to remember that you have other options besides getting a traditional home loan from the bank.  Non-bank mortgages have become increasingly popular in recent years as Kiwis look for alternative ways to get onto the property ladder. In fact, official figures from the Reserve Bank show […]

A mortgage is usually the biggest financial commitment you’ll ever make. Whether you’re a first home buyer or a seasoned property investor, it goes without saying that you want to have the best home loan deal possible when the time comes to buy a house. That’s where a mortgage broker comes in. How to choose […]

If you’re looking to buy a property, you can get a mortgage from either a first or second-tier lender. While they both perform the function of providing financing, there are some major differences between the two types of lenders. What are first-tier lenders?  A first-tier lender is a Bank, such as ANZ Bank, ASB Bank, […]

Specialist lending supports sustainable adviser businesses The non-bank sector is on the move. As an adviser, you would have noticed the growth over the past few years, and the trend is continuing in 2018. We spoke to TMM last week about RESIMAC’s growth – 30% increase in applications and 35% increase in settlements (July 2017 […]

With lots of talk about Bank lending getting harder, I thought a bit on Non Bank Mortgage Lenders was appropriate to the conversation. ‘Six of the Best’… Resimac Home Loans: The only true ‘all status’ Lender in New Zealand. Been here over 5 years and in Australia 30 years. Solutions for high ‘loan to value’ […]

Every day countless people have their home loan applications rejected from Banks, despite being able to provide a 20 or 30% deposit and easily meet the required mortgage payments. You may have even experienced this. If you earn commission from sales, have overseas income or simply don’t have the correct financial documents available for Banks, […]

As the New Zealand property market continues to heat up, serial investors, seasoned homeowners and first home buyers are all looking for an opportunity that yields high growth. While many investment groups and professional property investors have been chasing the highest and riskiest growth area of Auckland, it has left other more affordable locations available […]

Even if you’re a kiwi, if you live in Australia, New Zealand Banks will often reject your home loan application. Simply because your income is not local, you don’t meet their assessment criteria. Even if you have a stable income in a stable economy – it is not enough. For example, you could be born […]