Find a Mortgage Broker in Christchurch
Get the money you need to buy your dream home in Christchurch with help from a local mortgage broker
Updated 7 August 2019
- Mortgage brokers hunt the home loan market to find you a good deal, as well as save a lot of time on form-filling. They can advise you on everything you need to know about taking out a mortgage and the house-buying process, as well as KiwiSaver withdrawals and grants if you qualify.
- A Bank may have told you NO, but a mortgage broker has the contacts to very often turn that into a YES.
- Mortgage brokers know the key details about each lenders' criteria, and can recommend the right lenders for your situation.
- The most important thing is to find a mortgage broker you're comfortable with. Dozens are working all over Christchurch, and we've created this guide to help you navigate arranging a home loan.
- Remember: Real estate agents you meet at open homes will probably recommend brokers. Many have existing relationships and get a commission for any business you give to their recommended mortgage broker. You don't need to engage them - you have full control of who you choose.
Our Christchurch Mortgage Broker guide covers:
Know This First: The Process of Working with a Mortgage Broker
- Once you've decided to contact a mortgage broker, you will have an initial assessment. This is a meeting where you share details about your financial position and what you want to achieve.
- After that, the mortgage broker will provide a comparison of the best-suited home loans you qualify for - this often means they will create a shortlist of the home loans most relevant to you.
- Once you've considered the home loans, you will decide on one and make an application. The mortgage broker does this on your behalf; you'll need to provide the information they ask.
- Once the application is submitted, the lender (i.e. bank) will come back with their decision - it will, in most cases, be an approval or decline.
Useful Tools to Help Plan a Mortgage
How much does a mortgage broker cost?
- There are no upfront costs or service fees. Mortgage brokers make their money from commissions paid to them by the banks.
- You won't necessarily pay more for your mortgage either. Mortgage brokers work the same as travel agents who earn commissions from airlines and hotels etc.
- It is up to you to decide which bank and mortgage deal you want - the mortgage broker will be paid by the lender you pick.
- Industry insiders suggest this can be as high as 1% of your loan amount; your broker could earn $5,000 from a $500,000 mortgage. But the law states that mortgage brokers are not required to disclose commission payments.
What should I ask a mortgage broker to make sure I get the best deal and service?
As individual mortgage broker expertise and access to deals will vary around Christchurch, you can get comfortable by asking two essential questions:
- How many lenders do you work with? The more lenders (i.e. banks) the broker has a relationship with, the higher the chances you'll get the best deal. A good answer is at least five banks, but the more they cover, the better for you.
- What are your fees and commissions? You can ask that, even if they are not legally obliged to tell you. If they do, it will probably create trust and help you understand a little bit more about how mortgage brokerage works.
Christchurch Mortgage Brokers - 5 Things to Know Upfront
- Mortgage brokers may not work with every bank, so it's important to ask upfront what lenders won't be included so it's clear what you are comparing.
- Cross-selling is being reported; this involves you being recommended insurance policies by a mortgage broker or one of their associates. As insurance is very lucrative; there may be a lot of pressure to buy. You are under no obligation to and our guides to life insurance, contents insurance, home insurance and income protection insurance outline what you need to know.
- You may also be recommended conveyancing services by a related law firm. You are under no obligation to hire the lawyers suggested by your mortgage broker.
- If a real estate agent is insisting you use their recommended mortgage broker, you don't have to. You don't even need to use a mortgage broker at all.
- Many banks promote mortgage deals with free holidays, cashback and various other perks if you go with them direct. If you go with a mortgage broker, you won't receive these perks.
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5 Trusted Christchurch Mortgage Brokers Available Right Now
Our list below, which is no particular order, covers Christchurch and the surrounding Canterbury regions. We have selected these based on their history of longstanding service within Christchurch, location and data extracted from internet reviews on Google Business, Facebook, TradeMe Services, specific mortgage forums and guides, and other sources.
Beyond standard mortgage clients, the mortgage brokers below all have experience with non-standard and 'complicated' client requests. This can include single-income, self-employed and foreign income situations.
No Christchurch mortgage broker has paid to appear on this list, and MoneyHub.co.nz has no relationship with any company or professional listed below.
Know this: It's important to remember you don't need to go with the first broker you talk to. More importantly, you’re in no way obliged to go with the mortgage broker a real estate agent recommends, even if you buy your home with them.
Beyond standard mortgage clients, the mortgage brokers below all have experience with non-standard and 'complicated' client requests. This can include single-income, self-employed and foreign income situations.
No Christchurch mortgage broker has paid to appear on this list, and MoneyHub.co.nz has no relationship with any company or professional listed below.
Know this: It's important to remember you don't need to go with the first broker you talk to. More importantly, you’re in no way obliged to go with the mortgage broker a real estate agent recommends, even if you buy your home with them.
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Advanced Mortgage SolutionsAdvanced Mortgage Solutions works with clients to ensure each home loan is tailored to suit their individual needs. The company has several mortgage brokers who specialise in working with first home buyers and investors. Overall, the company has exceptionally positive client reviews and offers a range of services for even the most complicated financial situation.
What customers like:
Services include but not limited to:
Google Rating: ~5/5 Address: 918 Colombo St, Christchurch Central, Christchurch 8013 Website: Advanced Mortgage Solutions Contact number: 03 980 4541 |
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Antonia McAtamney - Loan MarketLoan Market employs many mortgage brokers, and Antonia McAtamney is one of the highest-rated in Christchurch having worked for Loan Market since 2013.
What customers like:
Services include but not limited to:
Google Rating: ~5/5 Address: 21 Humphreys Dr, Woolston, Christchurch 8023 Website: Antonia McAtamney Contact number: 021 469 244 |
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Simon Maule - Loan MarketLoan Market employs many mortgage brokers, and Simon Maule at Loan Market Metro looks after clients in Christchurch city and is something of a shining star. As part of Loan Market, Simon looks across all lenders available in the market to get the best deal. A video outlines his service, team and benefits.
What customers like:
Services include but not limited to:
Google Rating: ~5/5 Address: 372 Riccarton Rd, Upper Riccarton, Christchurch 8041 Website: Simon Maule Contact number: 03 343 2335 |
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Duane Aarts - Mortgage ExpressDuane Aarts has over 18 years' experience in a retail banking environment, having worked for three of the big banks in Australia and New Zealand. Every day, Duane uses his wealth of financial knowledge and lending expertise to help Christchurch house hunters buy their home they want.
What customers like:
Services include but not limited to:
Google Rating: 5/5 Address: 88 Division St, Riccarton, Christchurch 8041 Website: Duane Aarts Mortgage Express Contact number: 022 430 6012 or 03 260 0914 |
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The Mortgage GirlsThe Mortgage Girls was established in 2015 with a vision to help make home buying dreams come true for everyday New Zealanders. The team of three has a wealth of experience in banking and finance, with professionals who have delivered fantastic results to homeowners all over Christchurch. Their 70+ 5-Star Facebook reviews indicate their recent success.
What customers like:
Services include but not limited to:
Google Rating: ~4.8/5 Address: 174 Huxley Street, Sydenham, Christchurch 8023 Website: The Mortgage Girls Contact number: 0800 864 864 |
Disclaimer: MoneyHub.co.nz has no relationship, financial or otherwise, with any of the Christchurch mortgage brokers listed on this page. Specific services will vary, as will home loan financing deals. Our guide is for informational purposes only.
