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Connect with a mortgage broker in Auckland.

It’s easier to navigate the Auckland property landscape when you have a financial adviser on your side.

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We only work with approved mortgage brokers.

We are uniquely positioned to offer you access to a network of advisers, each of our handpicked panellists are  from the top performing mortgage companies nationwide.

Whether you’re buying your first home, next home, investment property or looking to refinance an existing loan, one of our mortgage advisers can help.

Getting a mortgage is a big deal that comes with so many questions to navigate. Where do you go to find the best lender for your circumstances? What criteria will you have to meet? What’s the best mortgage structure? Whether to fix or float? When and how do you apply?

Fortunately, mortgage brokers (aka advisers) have many of the answers.

After discussing your income, size of your deposit and whether you’re buying an existing home, new-build or an apartment, your adviser will be able to draw up a shortlist of suitable options. Along with this list they will guide you throughout the journey with professional advice to help you make an informed decision.

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Meet our panel of Auckland mortgage brokers.

The qualified financial advisers on our panel have demonstrated their excellence over the years, and are recognised for consistently helping their clients into new properties.

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Connect with your Auckland mortgage broker today!

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Why use a mortgage broker?

A mortgage broker has a deep understanding of the mortgage market, the lenders, current interest rates and of course the fine print. Working with you to identify your situation, an advisor can quickly ascertain which lenders and mortgage deals will be the most appropriate for you and your circumstances.

Extensive mortgage knowledge and experience

A good mortgage broker has a detailed understanding of the latest home loan products, interest rates, customer incentives and application approval criteria from multiple banks and non-bank lenders. They also know how to structure a mortgage, using combinations of home loan types and interest rate terms, to suit your financial situation, risk appetite and future goals. And because our mortgages brokers arrange so many mortgages, they often have time-saving direct relationships with dedicated people at each lender.

It’s usually free of charge

You get this high level of knowledge, expertise and representation on your side and it usually costs you nothing. That’s because a broker is paid a commission by the lender you eventually decide to go with. If a broker puts a lot of time into securing something for you (like pre-approval), but you don’t proceed, they might charge you a fee because the lender won’t have paid them anything. A good broker will disclose any possible charges like these at your first meeting, before you agree to work with them. If they don’t, be sure to ask.

You could manage your mortgage better for decades to come

Beyond helping you to choose a smart mortgage structure and negotiating competitive rates on your behalf, a good mortgage broker sets you on a path of better financial behaviours for decades to come. They’re there to help with regular reviews of your mortgage or when changes are required due to unexpected events. An independent survey of 2,000 Kiwis showed that people who get professional financial advice use a wide range of good strategies more often than those who don’t.
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What’s the process of working with a broker?

Here’s an example of what typically happens when you choose to work with a mortgage broker.

Initial meeting

This is a chance to gather information, get to know each other and make a decision on whether to take things further. The broker will ask about your income, deposit, typical monthly expenditure and existing debts. They’ll probably give you a rough idea of how much you might be able to borrow and may provide some tips on how to improve your chances.

Proposed mortgage options

Armed with a good understanding of your situation, a good broker will recommend a few mortgage structure options and explain them to you. This will usually include a few recommended lenders for you to choose from.

Prepare and lodge a mortgage application

Once you’ve chosen a mortgage structure and lender, your broker will help you to complete a strong application and make sure all the required documents are included to avoid unnecessary delays.

Application assessment by lender

The lender will:

  • Verify your employment, income and expenditure
  • Check your credit score to get an idea of how well you manage money
  • Decide whether you can afford the mortgage you’ve requested

Pre-approval

If your application meets the lender’s criteria, they’ll let your broker know that you have pre-approval, also known as conditional approval. This will include anything you need to get in place for the lender to give you unconditional or full approval. Once you find a property to buy, the lender will probably want a registered valuation done.

Full approval

If the lender is prepared to provide a mortgage for the property, they’ll send your broker a letter of offer. This is a legal document and once you sign it you have to ‘draw down’ the loan within a specified time.

Settlement

Your lawyer or conveyancer will work with your lender to arrange ‘settlement’, which means payment in full to the seller’s lawyer on the agreed date. Your broker will be available to assist if required.

Ongoing support

A good mortgage broker will work alongside you throughout the process, keeping you informed of progress and helping to sort any unexpected problems. They’ll also continue to be there whenever your fixed interest rate terms end, your financial situation changes or you want to buy another home.
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What to ask your mortgage broker?

A broker will expect you to check them out during your first meeting. They understand how important getting the right mortgage can be for you.

Here are some questions you might want to ask.

  • How long have you been a mortgage broker for?
  • What do you like most about their job?
  • How many clients in my situation have you helped into a mortgage in the last few months?
  • What lenders are you accredited with?
  • Which lenders offer you the most commission?
  • What percentage of the mortgages you arrange are with the highest paying lender?
  • What’s your usual process and who does what?
  • How long does mortgage approval usually take?
  • What fees could you charge me?
  • What happens if I don’t go ahead with any mortgage options you recommend?
  • Is it OK if my lawyer checks your broker agreement before I sign up?

Once you’ve decided to proceed with a broker, you should continue to ask questions about anything you don’t understand. A broker is there to understand your needs and make recommendations, not tell you what to do or make decisions for you. It’s your future at stake and you will be responsible for the mortgage repayments, so it pays to know exactly what you’re taking on and why.

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How much does a mortgage broker in Auckland cost?

Mortgage brokers are usually paid a commission by the lender you eventually choose to sign up with. It’s compensation for all the work the broker has done, such as understanding your needs, explaining recommended options, gathering documentation and ensuring your application is complete. That means there’s usually no charge to you for a broker’s services.

However, a broker isn’t paid by a lender until you draw down a mortgage they’ve helped to arrange. So, if a broker has put a lot of work into helping you through to the pre-approval stage, but you don’t proceed, the lender won’t pay them anything. Sometimes, in these situations a broker will charge you a fee for their time. Any possible charges like this should always be explained to you before you sign up with a broker. If they aren’t explained, be sure to ask before signing anything.

There’s certainly no charge to use our Find a Broker service and your initial consultation with these brokers will always be free, no matter what you decide to do after that.

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Auckland mortgage broker FAQs.

Our Find a Broker service has been carefully constructed to save you time, stress and hassle. If you’d like to dig deeper into how the service works, we recommend reading these questions and answers.

Usually there is very little difference at all. Both words are used for the same thing. The term adviser is preferred by many brokers these days. That’s because it refers to the part of their service where they provide mortgage recommendations based on their extensive knowledge, understanding of your situation and future goals. A broker is the more traditional term and refers more to negotiating (brokering) the best deal they can for you. Broker is probably still the most commonly used term by the general public, even though they’re officially known and registered as financial advisers.

A good mortgage broker, anywhere in New Zealand, will understand the latest products and special offers from multiple banks and non-bank lenders. They can draw on this knowledge to recommend and negotiate some of the best deals for your situation. Switching lenders can sometimes be inconvenient for you, so a good broker will include your current lender in the options they explain to you, if that’s what you’d prefer. There’s normally no charge to use a broker, because they’re paid by the lender you eventually choose. It’s the lender’s way of compensating brokers for the work they’ve done for you, which the lender now doesn’t have to do.
Any good broker will help you prepare a strong application and can coach you on ways to improve your chances of getting the mortgage you want. Sometimes that means taking the time to put a few things right before you apply, such as repaying some debt or cancelling an overdraft or credit card you’re not using. They’ll also understand each lender’s application assessment criteria, so may be able to negotiate a better deal for you with a particular lender. That might have to be a non-bank lender that charges a higher interest rate initially, until you’re in a better financial position. But a broker can only work within all the lenders’ rules, so don’t expect miracles, just the best possible deal for you at the time.
Usually there is very little difference at all. Both words are used for the same thing. The term adviser is preferred by many brokers these days. That’s because it refers to the part of their service where they provide mortgage recommendations based on their extensive knowledge, understanding of your situation and future goals. A broker is the more traditional term and refers more to negotiating (brokering) the best deal they can for you. Broker is probably still the most commonly used term by the general public, even though they’re officially known and registered as financial advisers.
A good mortgage broker, anywhere in New Zealand, will understand the latest products and special offers from multiple banks and non-bank lenders. They can draw on this knowledge to recommend and negotiate some of the best deals for your situation. Switching lenders can sometimes be inconvenient for you, so a good broker will include your current lender in the options they explain to you, if that’s what you’d prefer. There’s normally no charge to use a broker, because they’re paid by the lender you eventually choose. It’s the lender’s way of compensating brokers for the work they’ve done for you, which the lender now doesn’t have to do.
Any good broker will help you prepare a strong application and can coach you on ways to improve your chances of getting the mortgage you want. Sometimes that means taking the time to put a few things right before you apply, such as repaying some debt or cancelling an overdraft or credit card you’re not using. They’ll also understand each lender’s application assessment criteria, so may be able to negotiate a better deal for you with a particular lender. That might have to be a non-bank lender that charges a higher interest rate initially, until you’re in a better financial position. But a broker can only work within all the lenders’ rules, so don’t expect miracles, just the best possible deal for you at the time.
If you work with two brokers at the same time for the same property, but choose a deal from only one of them, the broker you let down might charge you a fee. A better approach is to choose a respected, expert broker and build a relationship that could last for decades.

No, mortgages.co.nz simply provides information to help Kiwis understand the options before seeking professional advice. That’s why we also provide a free Find a Broker service that connects you with a registered mortgage broker from around New Zealand.

Wherever you live, you have two options. You can simply request a call back for a quick chat or use our online questionnaire, which speeds things up by guiding you through the initial information a broker will need. If that information indicates you might be eligible for a mortgage, we’ll match you with a mortage broker straight away and share your information with them. This will get your first meeting off to a productive start. If your information suggests your mortgage application is unlikely to be successful at this time, we’ll provide you with some educational material to help you improve your chances. Once you’ve had time to absorb that material, we’ll connect you with a mortgage broker who’ll be happy to work with you as a coach on your home loan journey.

If you work with two brokers at the same time for the same property, but choose a deal from only one of them, the broker you let down might charge you a fee. A better approach is to choose a respected, expert broker and build a relationship that could last for decades.

No, mortgages.co.nz simply provides information to help Kiwis understand the options before seeking professional advice. That’s why we also provide a free Find a Broker service that connects you with a registered mortgage broker from around New Zealand.

Wherever you live, you have two options. You can simply request a call back for a quick chat or use our online questionnaire, which speeds things up by guiding you through the initial information a broker will need. If that information indicates you might be eligible for a mortgage, we’ll match you with a mortage broker straight away and share your information with them. This will get your first meeting off to a productive start. If your information suggests your mortgage application is unlikely to be successful at this time, we’ll provide you with some educational material to help you improve your chances. Once you’ve had time to absorb that material, we’ll connect you with a mortgage broker who’ll be happy to work with you as a coach on your home loan journey.

Visit the Learning Centre.

Visit our Learning Centre for carefully-researched articles that are relevant to your situation. Our resources are organised into categories – first home buyer, next home buyer, property investing, refinancing, building and general news. Authors include independent economist Tony Alexander and experts from the NZ home loan industry.
learning centre

As an independent platform, mortgages.co.nz makes it easier for you to find the home loan you need. Use our Learning Centre, calculators, interest rates information and unique Loan Check software to plan a simpler, smoother journey towards your property ownership goal.

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DISCLAIMER – The information and calculators contained in this website are provided as general information and is not intended to be financial advice. Before making any financial decisions, you should consult a professional financial adviser. Nothing in this website is, or should be taken as, an offer, invitation or recommendation to buy, sell or retain a regulated financial product. mortgages.co.nz accepts no responsibility for any loss caused as a result of any person relying on any information or calculations in or from this website.

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