Invested in NZ since 1996

We're an investment manager that specialises in property lending.

We’ve been protecting and growing kiwi nest eggs for nearly 30 years. Today we have over $1.65 billion in funds under management, providing consistent returns to over 6,500 investors.

Our managed funds invest right here in New Zealand, helping build New Zealand’s future. Find out more below.

Invest with FMT

Welcome to First Mortgage Trust



At First Mortgage Trust we’ve been helping kiwis generate wealth through investment and property ventures for almost 30 years.

We’re proud to play a crucial role for New Zealand, both for our thousands of investors, and as one of the country’s largest non-bank property finance lenders.

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Proven & trusted to help New Zealanders grow their wealth

When you invest your money with us, your funds are pooled with money from other investors. First Mortgage Trust will then invest these funds into loans over land and buildings and in cash bank deposits at registered banks.

The loans are secured by first mortgages with conservative loan-to-value ratios, and are spread across various property types (residential, commercial, industrial and rural) and across key locations in New Zealand. This helps us mitigate risk by balancing local economic factors and ensuring a diverse portfolio.

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Property finance lending

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Need a partner for your property finance?

Start the conversation with FMT, New Zealand’s largest non-bank first mortgage lender.  Since 1996, we’ve helped clients with a diverse range of property finance in the residential, commercial, industrial and retail property sectors in New Zealand.

We have offices in Auckland, Tauranga, Wellington and Christchurch, and our experienced team are solution focused, providing prompt decision-making, and have local knowledge to help you move ahead with confidence.

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Why Invest with FMT?

Trusted Investment Funds

With nearly 30 years of experience, FMT has built a reputation for reliability and consistent performance. Our extensive knowledge of the New Zealand property market means that we can effectively manage and grow your wealth.

We are not financial advisers, nor do we offer a range of investment options, like a KiwiSaver fund, ETFs or share investments. We keep it simple and do what we do best, providing consistent returns for our investors.

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Conservative Loan-to-Value Ratios

The loans we invest in are secured by first mortgages with conservative loan-to-value ratios. This conservative approach helps protect your investment and deliver consistent quarterly returns.

We’ve never lost a cent of investor capital, and while past performance is not a reliable indicator of future performance, it’s a record that we’re proud of and one we’re committed to maintaining.

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Strong Investment Performance and Consistent Returns

FMT has a proven track record of delivering consistent returns to our investors. While it cannot be assured, we aim to provide an annualised pre-tax quarterly return (after fees and expenses) of at least 1% per annum higher than the average 12-month term deposit interest rate offered by the four main trading banks, and competitive with comparable investments.

With over $1.65 billion in funds under management, our performance speaks to our ability to protect and grow your wealth.

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Investor Meetings

We have Investor Meetings in Christchurch, Auckland, the Waikato and the Bay of Plenty.

These meetings are a fantastic opportunity to hear how FMT has been performing this year and what our plans are for the future. These meetings are open to current and prospective investors.

Each meeting will have a talk from the economist Tony Alexander, as well as presentations from our Leadership Team and Board of Directors, plus refreshments.

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Read our latest investor newsletter

Each quarter we produce a newsletter with an update from our CEO, Paul Bendall, where he shares our latest quarterly return rate and provides a company update. We also feature insights from renowned economist Tony Alexander and invite other experts to comment on current topics of interest. Regular features include a distribution map profiling our investments by location and type, plus we profile some of our sponsorships.

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              Which type of fund is right for me?

              Complete this questionnaire to see what type of fund might be the most tax effective for your circumstances. Please note, this is just a guide and we recommend you seek professional tax advice.

              Are you investing as an individual or trust?
              Other investor types should seek professional tax advice.


              Is your tax return completed by a tax adviser or accountant?

              Can you reasonably estimate your own annual income?

              What is your total income from all sources (including PIE income)?

              YOUR RESULTS

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              Do you distribute all annual income to beneficiaries?

              Do all Trusts beneficiaries earn more than $48K from all sources (including PIE income)?

              YOUR RESULTS

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              Disclaimer – This tool is intended to provide general guidance only. This tool does not take into account your particular financial situation, objectives or goals.

              There are alternative strategies which may provide better outcomes, we recommend you seek independent advice before making any investment decision. If you have completed this guide and wish to discuss this, we recommend you seek professional tax advice.