The Commerce Commission’s recent report on the personal banking services market highlights the pressing need for increased competition within New Zealand’s lending sector. The findings reveal that the four major banks dominate the banking sector, resulting in limited choices for consumers and a lack of innovation in the products and services offered.

At FMT, we are already witnessing a growing demand for our property lending solutions, and it’s encouraging to see regulators actively promoting more competition in the market. This environment creates significant opportunities for agile and customer-focused companies like FMT to step in and provide a compelling alternative to the main banks.

We are well positioned to take advantage of the demand for increased competition. Our ability to move quickly and adapt to market changes helps set us apart from larger, slower moving banks. We also pride ourselves on our strong customer service, which is already attracting individuals and businesses seeking tailored finance solutions from a team of industry experts with a great ‘can do’ attitude, along with local market knowledge and insights.

Our commitment to building and maintaining relationships allows us to tailor transactions that meet the unique needs of our borrowers. Unlike some of the big banks, we are not bound by rigid, black-and-white policies. Instead, we approach each opportunity pragmatically, ensuring it aligns with our risk profile while also being a sound decision for our investors.

As we continue to grow, our focus remains on stringent decision-making processes and strict oversight across our lending activities. We have robust systems in place to ensure that our lending decisions align with our conservative investment strategy.

FMT is ready and able to compete with the major banks. Our expert team, with their extensive property market knowledge and expert skills, is prepared to take advantage of the strong lending opportunities that arise, all the while providing our investors with steady returns and while supporting our borrowers with flexible and competitive financing solutions