Accredited and Registered Mortgage Brokers – Nationwide
If you need help from a Mortgage Broker arranging a home loan for an existing home or a new build, refinance or commercial mortgage in Auckland, Wellington & Christchurch or anywhere in New Zealand just contact us.
First Rate Mortgages Limited is New Zealand owned and operated by Kim Lyons, who is the principal residential and commercial Mortgage Broker. He is supported by both Allan Nicol and Raymond Daniels here in Auckland, allowing the Company to provide excellent service over the greater Auckland area. Allan has an abundance of valuable knowledge as a home owner and family man and is our Specialist Refinance and First Home Buyer Mortgage Broker in the South and East Auckland, areas such as Howick, Botany, Pakuranga, Manukau, Flatbush and Otahuhu. Raymond has now joined the team and he is looking after West Auckland including the Hobsonville, Kumeu, Greenhithe and Whenuapai areas. Raymond has a wealth of banking experience having worked with ANZ here in New Zealand as a Business Manager plus started his banking career in South Africa. Together Kim, Allan and Raymond concentrate on arranging NZ Home Loans, Investment, New Builds, Refinance, Consolidation, Construction and Commercial Property Finance.
In 2012 Kim moved 20 minutes North from Castor Bay to Orewa on the Hibiscus Coast but continues to look after existing clients on Auckland’s North Shore, such as Takapuna, Milford, Browns Bay, Albany, Birkenhead and Auckland Central Business District.
With Kim now in Orewa, which is a massive growth area for new builds in the Millwater / Silverdale / Whangaparaoa area, he sees the opportunity to help new home buyers with construction or home and land packages with a focus on low deposit home loans, helping new home buyers get on the property ladder. The great news is that the 10% deposit required for a new build is outside current restrictions on low deposit lending!
The West Auckland area of Avondale, New Lynn, Henderson, Te Atatu, Hobsonville and north to Helensville can be looked after by Raymond with Kim providing back up as required, depending on a clients requirements.
With clients now all over New Zealand especially in Tauranga, Hamilton, Wellington and Christchurch, we can honestly say we offer a great service both personally, when we can meet clients, and also via the internet, phone, fax and scanner!
Kim Lyons has many years of knowledge and experience, having been a Mortgage Broker for 16 years and prior to that working with ANZ Bank as an Assistant Lending Manager in Newmarket, then Branch Manager Newton and then Takapuna, before becoming one of the ANZ’s first Mobile Mortgage Managers in Auckland.
Together Kim, Allan and Raymond can help you buy or build your new dream home, even with a low or gifted deposit, establish a rental portfolio, finance a construction project or provide urgent help, in those challenging times, with urgent refinance, perhaps to stop a mortgagee sale, bridging finance or debt consolidation. Kim and Raymond are also very experienced with commercial and development funding proposals.
Currently with activity at a new high, Kim Lyons and the team are getting many enquiries from home buyers in Auckland and those selling up to move out of town all cashed up. Others are looking to buy a rental, say in Tauranga, as they wish to plan for retirement and know they will not stay forever in the big smoke! Other enquiries are resulting in loans being approved to help first home buyers with a low deposit of say 10%, commercial property investors, or commercial owner occupiers. Many are also looking to refinance and consolidate debts, plus there has been a significant increase in the number of online enquiries for bad credit home loans, second mortgages, or to catch up on mortgage payments, even personal expenses such as marriages, funerals, cars, travel, education costs etc. These smaller loans generally have security in the form of a caveat or second mortgage on the borrower’s property, or that of a guarantor. We do not do unsecured loans personal loans.
Recent enquiries include clients who were in a “rent to buy” situation and with savings plus the increased property value wanted to buy the home and have it in their names. Another client wanted urgent bridging finance to inject into his business pending sale of his home. As he was self employed with no current financial accounts a second mortgage was arranged to assist.
After a period of strong sales particularly in Auckland with rising prices, the Reserve Bank has taken action to restrict low deposit lending beyond 80%, which does penalise first home buyers. Recognising the need to help clients through the tightening of credit policy and the reluctance to lend from many traditional Banks and other non Bank Lenders, it has been a priority to focus on keeping up to date on what can and can’t be done in the current mortgage market. We are always looking for ways to still help clients with a 10% deposit, who may as an example, have a low or part gifted deposit, maybe some minor bad credit issues, but still want to buy their first home with a 90% Home Loan and their Bank has said “NO”.
Both Kim and Allan have now completed their studies and been awarded the National Certificate of Financial Services (Financial Advice) ( Level 5) in Residential Property and Insurance Advice and are both Registered Financial Advisers on the Financial Service Providers Register with the Companies Office. Raymond is now well into his studies as well.
The team at First Rate Mortgages are committed to respect and value you as a client and to provide you with a higher level of service than what you may currently be receiving from your current Bank Manager or Mortgage Broker. This does also mean that we are here to provide long term personal service rather than an impersonal offshore 0800 call centre with automated numbered responses! Just check our reviews.
Our lending panel includes ANZ Bank, Westpac, BNZ, ASB, Co-Op, TSB, SBS and Sovereign Home Loans. We are accredited Mortgage Brokers with them. We also have an extensive network of Non Bank Lenders who may be able to assist you, if you have already been to your Bank or Mortgage Broker and they have been unable to help.
We are proud that First Rate Mortgages Ltd is now a well known name here in New Zealand and has a reputation of getting the job done with both bank and Non Bank lenders. The business continues to expand and with the benefit of our Mortgage Broker Support team in the Orewa office can provide both personal and ongoing service to help you on your financial journey.
Contact one of our Mortgage Brokers for more information