Purchasing property and securing finance can be complex. As experienced mortgage brokers, we can help you find solutions if the central banks reject your application.
The Reserve Bank of New Zealand regulates non-bank lenders and offers various lending options. These include specialist loans for newly self-employed Kiwis or those with a poor credit history due to relationship breakdown or business closure. For the most trusted non bank lenders NZ, check this out.
Pepper Money
Pepper Money is one of the largest and most trusted non-bank lenders in Australia and New Zealand. They provide flexible financial solutions to help people achieve their dreams and goals. They offer a range of home loans, personal loans, car loans and asset finance to meet the needs of different individuals and families.
Pepper Money provides several different loan options for homeowners, including second-charge mortgages. Its loan calculator is an easy-to-use tool that lets borrowers estimate their borrowing capacity and monthly repayment amounts. Applicants can choose between Full Doc and Alt Doc loans, depending on their ability to provide proof of income, including pay slips, tax returns or accountant’s letters. Pepper Money also allows penalty-free overpayments on its homeowner loans, which can be used to reduce future monthly repayments or shorten the loan term.
Avanti Finance
Avanti Finance is a New Zealand-based non-bank lender offering a variety of consumer loans. They focus on customer service and responsible lending and work with each individual to find the best loan solution for their needs. Their unsecured personal loans are great for covering emergency expenses or consolidating debt. They also offer a specialised car loan that can be used to purchase a vehicle from a dealer, auction, private seller, or Trade Me.
Avanti’s lending business is sourced through a network of introducers, including financial advisers, mortgage brokers, and motor vehicle dealers. The company focuses on middle New Zealand and Australia and targets borrowers who do not meet the strict credit criteria of central banks. Avanti’s lending products include home loans, unsecured personal loans, debt consolidation, and car loans.
Resimac
Resimac is a non-bank lender that offers competitive lending solutions and quality client service. It is based in Auckland and has been operating since 1985. It specialises in funding and wholesale distribution of lending products.
Resimac offers a range of home loans for owner-occupiers and investors. Their home loan rates are highly competitive, and their loan-to-value ratios are up to 95%. They also offer flexible repayment options, including weekly, fortnightly, and monthly payment rescheduling and the option to make extra repayments without penalty.
RESIMAC also has specialist alt-doc home loans for self-employed borrowers with impaired credit or requiring a higher loan amount. These loans are designed to accommodate a variety of credit scenarios and can be used for debt consolidation, working capital, or purchasing business equipment.
Liberty Financial
Non-Bank Lenders New Zealand play an essential role in our finance system, allowing Kiwis to borrow even if they don’t meet the usual criteria set out by mainstream banks. Different lending options include near-prime, specialist, and short-term lending. These lenders can help people find a mortgage that suits their needs and budget. For the most trusted non bank lenders NZ, check this out.
Liberty Financial is a global leader in finance, providing credit solutions for residential mortgages, motor finance and general insurance. It also operates a leading Australian and New Zealand credit card brand, offering a range of rewards programmes. Its debt capital markets division offers a diversified funding programme, including unsecured bonds in fixed-income securities in prime and nonconforming RMBS, auto ABS and small-ticket SME formats.
Liberty’s assets have grown steadily over the past five years. The residential solid property market essentially drives its growth and low interest rates. The Reserve Bank of New Zealand regulates its lending business to ensure responsible lending practices. For the most trusted non bank lenders NZ, check this out.