Home Loan Services

Some customers get their mortgage from a bank they have been with since childhood. This may work well initially, but circumstances can change, and another bank may offer better products, more lending, or better service.

There are times when the existing bank is actually the better option — it's just that the products or pricing haven't been communicated well to the customer. This is where Mortgage Time can advise on the different options, benefits, and costs of moving banks. Refinancing can often save thousands in interest.

As circumstances change, customers may require a different lending structure from the one they initially secured. Whilst most banks lend over a 30-year term, your personal circumstances and needs can change significantly over time.

Having a structure conversation with Mortgage Time could save you both money and stress. Having funds available at lower cost may mean a better financial future, whilst creating opportunities you might not have otherwise had.

This is generally a customer's second or third property, but the process is similar — the main difference is deciding how to structure the lending and whether it's better to go to a different bank for the new borrowing.

Mortgage Time advisers have the skills and expertise to provide this advice. Where required, we can refer you to professionals like accountants, lawyers, and property managers to help you make informed decisions before it's too late. Money spent in the initial stages can save far more in the long run.

There are different lending requirements for a new build, with common jargon terms like turnkey, COC, BRI, land and build, consents, Form 5, and contingency — to name a few. Mortgage Time can explain these terms simply and ensure that the simple things — like ensuring an invoice is paid on time once the lender has approved the lending — are done on time, keeping the build on track.

For a full guide on new build vs existing homes, see our New Build page.

Topping up a mortgage (at lower rates than personal lending) to help pay for a renovation or another asset is a common request. Ensuring you are also taking advantage of any lower interest rate offerings — such as 1% healthy homes lending — could potentially save thousands of dollars in interest costs.

Mortgage Time can assess whether topping up your existing mortgage or using alternative lending products is right for your situation.

Banks generally have a higher threshold for servicing a loan when a customer has less than a 20% deposit. Having a family member top up a mortgage to help a relative buy a home is becoming more common and is increasingly an option for many New Zealand families.

Mortgage Time can help both the family member wanting to top up their mortgage and the buyer wanting to purchase the home. There are several options offered by lenders, each with its own pros and cons that we can walk you through.

While not as common as home lending, Mortgage Time can help customers with lending to enable a business purchase or a commercial property acquisition. We also have access to key commercial lenders and advisers who can assist with more complex requirements.

If you're considering a business or commercial property purchase, reach out to Mortgage Time first — we can help you understand the landscape and connect you with the right specialists.