Your local Gisborne mortgage broker
Next Door is your local Gisborne Mortgage Broker. Whether you’re buying your first home, expanding your property investments or reviewing your current mortgage, Next Door will help guide you through the mortgage process.
Property is an important investment and finding the right Gisborne mortgage broker is an important part of the process. Next Door can help you assess your overall financial position, ultimately giving you more freedom, more control and more opportunities.
Our panel of lenders includes the major banks and specialist lenders, allowing Next Door to help you find the best mortgage for you. We can guide you through the numerous structures and find the mortgage that best fits your current lifestyle and future ambitions. Often a simple tweak can help you pay off your mortgage sooner, reducing your total repayments and saving you money.
We keep the process streamlined, saving you the legwork of hunting for a mortgage and making multiple applications to different banks. Next Door make finding a Gisborne mortgage broker an easy process.
Why use Next Door?
All Next Door advisers are Financial Advisers and registered with the Financial Markets Authority (FMA). We are governed by a code of ethics, disciplinary procedures and meet standards including training, ongoing product knowledge and hold appropriate indemnity insurance.
Gisborne mortgage broker FAQs
Buying property can be a complicated process. At Next Door we guide our clients through the process, ensuring it’s as straightforward and painless as possible. As your local Gisborne mortgage broker, we've got simple answers to all the hard questions.
- we’ll keep you informed of what’s on offer and weigh up what works best for you now and as your needs evolve
- we’ll review your arrangements and changing circumstances annually, or as often as you need
- we’ll remind you when your fixed term’s ending
- we’ll help you achieve financial freedom faster
A number of factors should be considered when choosing a mortgage in Gisborne, not just the lowest interest rate. The loan structure, fees, term and market conditions need to be considered along with your short and long term goals and aspirations. The size of your deposit will also impact which rates are available to you. Your Next Door adviser will guide you through this process, ensuring your loan matches your needs. Check the latest mortgage interest rates on offer.
- LIM report - a Land Information Memorandum (LIM) report provides a summary of all the property information held by your local council ($200-$400)
- Builder’s report - fees vary depending on who you use ($500-$600)
- Registered valuation - a valuation is usually required to get a mortgage and lenders often stipulate who to use ($500+)
- Legal fees - these vary depending on the complexity of the process and the advice required ($1,000-$2,000)
- Moving costs
- Stormwater or sewage drains
- Any Heritage New Zealand protection
- Special land features such as erosion or flooding
- Any rates owing on the land
- Permits, building consents or requisitions, and other certificates previously issued by the local council or building consent authority
- Zoning – how the land may be used and any conditions that apply
- Any notices to the council by any statutory organisation that has the power to classify land or buildings for any purpose
- Any notices to the council given by any network utility operator under the Building Act
- Any other information that the council thinks is relevant
- Ask your adviser what’s currently on offer and get them to review your current arrangements
- Ask your adviser to talk you through the costs (your current lender may have break fees, and if changing lenders you will need to involve a solicitor which has costs) and benefits (the new lender may pay a cash contribution and may offer more favourable rates)
- Instruct your adviser to help you apply and qualify for your new mortgage
<strong>Topping up your home loan</strong> means extending your borrowing either in the same loan or by taking out an additional loan. Often home renovations such as a new bathroom or kitchen, or adding a pool, or a new car or wedding, are funded by adding to an existing mortgage. Talk to your Next Door adviser about your options.
Non-bank lenders (also known as alternative lenders) play an increasingly important role in the financial market, delivering multi-billions of dollars in loans across the world. They're registered lenders, with loans subject to the same forms of regulation as banks, but with a more flexible set of loan products. Often non-bank lenders are a good choice for self-employed or borrowers who have encountered a major life event that has impacted their credit history (such as a relationship break-up or redundancy/job loss).
The key difference is the way non-bank lenders assess an individual's ability to pay back a loan. They look past credit scores and into a person’s history and life situation to carefully assess their ability to manage the loan, with each case decided on its own merits. Banks are more risk averse - so while someone might be considered too high a risk from a bank’s perspective, non-bank lenders are often willing to take on that risk because they’ve done a comprehensive assessment of that individual's circumstances and financial position.
Next Door's panel of lenders includes the market's best non-bank lenders, ensuring our advisers can scour the market to find a loan that fits your current needs and future aspirations.
If you're looking to consolidate your various loans (car, credit card etc) into your home loan, Next Door can assist, helping to ensure your arrangements reduce your interest and overall costs.
If you're looking at putting in a swimming pool, renovating your kitchen or bathroom, taking that long-overdue holiday or buying a new car and need to top up your home loan, Next Door can help.
- must be over the age of 55
- home must be owned outright or have a standard mortgage that can be paid off by the reverse mortgage
- loan amount depends on borrower's age and the home's value
- Proof of citizenship or permanent residency (passport, birth certificate or permanent resident visa)
- Proof of income (3 recent consecutive payslips, 2 years' financial statements, IRD statement)
- Bank statements (3 months transactional and credit card)
- Proof of deposit (KiwiSaver, savings statement, gifting declaration)
- Expenses (breakdown of current living expenses)