How We Get Paid?

Residential mortgages

FSP will place your mortgage with the lender we think will best cater for your needs and at the same time provide the best rates, products and/or service to you.

We will also seek your preference in which lender(s) to approach or which lender(s) not to approach. With over 40 residential lenders offering finance there is no shortage of choice.

We are happy to deal with whichever lender you prefer even if it is one that has stated it will not deal with brokers (BNZ) and a few others like Kiwi bank or TSB who will not pay us for the introduction of your business either.

However in most cases the lender, lucky enough to win your business, will pay us a commission on draw down (settlement) of your loan. Some lenders will even pay us a retainer (trail) to ensure we are available for you at any time.

We have clients who have lending with BNZ, Kiwi bank and also TSB for which the lenders did not pay us and we did not seek to charge our clients.

We provide residential mortgage broking Free to you, who ever you wish to choose.

Business Finance

We usually charge a minimum $500 or 1.25% (This could be higher or lower, if negotiated prior to any action on our part) on the amount of lending we have approved, less what ever the lenders contributes. We only charge if the loan is drawn, except were another broker has been working on the same application then a $500 fee is charged for our time and effort. If you change your mind or it did not work out we may only seek the minimum fee of $500 to recover costs.

We live by our slogan “Our aim, your gain”

We seek to add value to you.