Our Business Development Managers (BDMs) take the time to understand your situation and work hard to help you succeed. The BDMs are involved in the whole loan application process so you always have a person to talk to, who will keep you updated on the application process.
We pride ourselves on being a responsible lender and we want the best outcome for our clients and for FMT, and for our investors. With this in mind, if we believe your application is better suited to a mainstream bank or other provider we will communicate this with you.
We lend to a certain level against different categories of property. Loan applications are considered on a case-by-case basis within First Mortgage Trust Lending criteria.
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Residential
Land & Buildings in fee simple: up to 75.0%
Sections in fee simple: up to 70.0%
Leasehold land: up to 50.0%
Commercial/Industrial
Land & Buildings in fee simple: up to 66.7%
Vacant land in fee simple: up to 50.0%
Rural
Land & Buildings in fee simple: up to 60.0%
Vacant land in fee simple: up to 50.0%
If your requirements don’t fit into any of these, we still might be able to help you, contact our team to discuss further.
Our interest rates are between 8.00% and 9.95% per annum, as at 20 May 2022.
The rate charged will depend on your financial circumstances taking into account:
• how much you want to borrow
• the term of your loan
• your income
• your other financial commitments
• your credit history
• Loan to Value Ratio of security offered
FMT lending criteria and fees apply. Interest rates are subject to change.
To understand the rate that will apply to you, please contact us
Contact our Lending Team
Please note, this is just a guide and we recommend you seek professional tax advice.
Disclaimer – The results above are subject to the following assumptions:
- The investor’s main source of non-investment income is New Zealand superannuation on a non-shared living arrangement. That is taxable income between $14,000 and $48,000.
- FMT is your main investment and that you wish to have a single investment in FMT.
- This is a simple guide only. There are alternative strategies which may provide better outcomes. These are on case-by-case basis.
Should you want to fully canvas your options, we strongly recommend you seek independent advice from your Tax Adviser.