Find a Mortgage Broker in Wellington
Get the money you need to buy your dream home in Wellington with help from a local mortgage broker
Updated 26 June 2020
- 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. Hundreds are working all over Wellington, 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 Wellington 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
MoneyHub's Trusted Wellington Mortgage Brokers
- Our research highlighted several leading mortgage brokers who deliver results for their clients.
- We suggest contacting The Home Loan Shop, Dawn Whiteside and Jo Vivian; together, their five-star reviews and trusted reputation comes from a history of delivering outstanding results to Wellington residents.
- Contacting The Home Loan Shop, (or any mortgage broker) is best done by phone - you can explain your plans and hear how their services can help get the results you want.
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 Wellington, 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.
Wellington 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.
MoneyHub's Trusted Wellington Mortgage Brokers
- Our research highlighted several leading mortgage brokers who deliver results for their clients.
- We suggest contacting Dawn Whiteside, Jo Vivian and The Home Loan Shop; together, their five-star reviews and trusted reputation comes from a history of delivering outstanding results to Wellington residents.
- Contacting The Home Loan Shop, (or any mortgage broker) is best done by phone - you can explain your plans and hear how their services can help get the results you want.
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Trusted Wellington Mortgage Brokers Available Right Now
Our list below, covers Wellington, Upper Hutt, Lower Hutt, Porirua, Kapiti Coast, the Wairarapa and regional Wellington areas. We have selected these based on their history of longstanding service within Wellington, 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.
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.
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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The Home Loan ShopThe Home Loan Shop is arguably one of most well-regarded mortgage brokerage in New Zealand, with hundreds of 5-star reviews from homeowners. The service is personal from start to finish, intending to make the home buying process as smooth and stress-free as possible. It's a long-established Wellington company with seven proven professionals.
What customers like:
Services include but not limited to:
Google Rating: 4.9/5 Address: 34 Manners St, Te Aro, Wellington and 122 Queens Drive, Lower Hutt Website: The Home Loan Shop Contact number: 04 384 5700 |
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Dawn Whiteside - Loan MarketLoan Market's Dawn Whiteside brings a wealth of experience and insightful knowledge (backed up by her helpful mortgage news publication) to deliver the best results for her Wellington clients.
What customers like:
Services include but not limited to:
Google Rating: ~5/5 Address: 284 Jackson St, Petone Website: Loan Market - Dawn Whiteside Contact number: 0210 244 9851 |
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Jo Vivian- Loan MarketLoan Market employs many mortgage brokers, and Jo Vivian leads in the Hutt Valley. Jo has a wealth of experience and favours structuring home loans so homeowners can repay it as fast as possible.
What customers like:
Services include but not limited to:
Google Rating: ~5/5 Address: 284 Jackson St, Petone Website: Loan Market - Jo Vivian Contact number: 021 204 8816 |
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Bernadette Huynen - Loan MarketLoan Market employs many mortgage brokers, with Bernadette looking after clients in the Hutt Valley and Wellington.
What customers like:
Services include but not limited to:
Google Rating: ~5/5 Address: 22 Kings Crescent, Lower Hutt, Wellington 5010 Website: Loan Market - Bernadette Huynen Contact number: 022 303 7214 |
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Velocity FinancialVelocity Financial is a small team of ten, working with clients around Wellington. The mortgage brokerage specialises in arranging finance for first home buyers.
What customers like:
Services include but not limited to:
Google Rating: 4.8/5 Address: 22 Vivian St, Te Aro, Wellington 6011 Website: Velocity Financial Contact number: 04 803 3616 |
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Michael Anastasiadis at Bozinoff MortgagesMichael Anastasiadis is a Mortgage Adviser at Bozinoff Mortgages, and leads the way with many happy homeowners all over Wellington.
What customers like:
Services include but not limited to:
Google Rating: 4.9/5 Address: 28 Dundas St, Seatoun, Wellington 6022 Website: Michael's website and Bozinoff Mortgages Contact number: 021 757 269 |
Related Mortgage and Home Loan Guides
MoneyHub's Trusted Wellington Mortgage Brokers
- Our research highlighted several leading mortgage brokers who deliver results for their clients.
- We suggest contacting Jo Vivian, The Home Loan Shop and Dawn Whiteside and together, their five-star reviews and trusted reputation comes from a history of delivering outstanding results to Wellington residents.
- Contacting The Home Loan Shop, (or any mortgage broker) is best done by phone - you can explain your plans and hear how their services can help get the results you want.
