REFINANCING, CHANGING BANKS, BREAKING MY MORTGAGE
IS INFLATION HITTING YOUR POCKET HARD?
Is your property loan or mortgage coming off a fixed interest rate and you are terrified of the increased payments? Perhaps swapping banks or refinancing is the way to go. Why you may ask? Well often a bank or other financial institution will pay you a cash contribution to assist with moving to their bank for a minimum period of usually 3 years or more.
Our experienced Mortgage & Refinance Lawyers can assist you with all aspects of financing your property, whether you're buying your first home or your tenth!
We can ensure that the finance side of your property purchase is seamless and stress-free. Our team is skilled in assisting with gifts and loans from family members and protecting them from future relationship property claims, and processing property transactions involving KiwiSaver and HomeStart Grants.
Additionally, we can advise on how to limit your liability when being asked to act as a guarantor for a loan. If you're looking to refinance your mortgage and change banks, we can help you with the process swiftly and efficiently. We also offer a short turnaround service for urgent refinancing needs. We have a network of experienced mortgage brokers that are here to help if needed.
We can assist with:
Reviewing loan documents
Discharging existing mortgages
Obtaining finance - direct access/relationships with banks and lenders
Referrals to mortgage brokers if needed
Reviewing guarantor documentation
Refinancing (including urgent refinancing)
Drafting loan agreements for inter-family loans
Advising on property sharing and relationship property agreements to protect gifts from family
Advising on property sharing and relationship property agreements to protect individual contributions.
Fixed Fee
Once we receive your documents, we can provide you with a fixed-price quote if requested.
7 Working Day Promise
After collecting details, your application will be submitted within 7 days for a basic refinance.
Nationwide Service
We handle everything over the phone, with probate sent to your door as soon as it’s ready.
FREQUENTLY ASKED QUESTIONS
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Simply put it is changing your bank mortgage from one bank to the next.
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Often other financial institutions that are not the main banks are referred to as second or third tier lenders.
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“Free Money” banks compete for market share and as part of that they try to convince people to change banks with them by enticing them with a cash contribution. The banks usually state this is a contribution to legal fees or costs associated with swapping banks.
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There is a minimum threshold for all banks were are aware of for cash contributions. This is usually $250,000.00 – There is also a maximum dollar amount of contribution a bank will pay to a customer. Usually this is about $20,000 for a $2,000,000 or more mortgage.
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Pricing will depend on your unique needs. Please contact us for more information.
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If you delay settlement, have more than 1 mortgage, have a second or third tier mortgage (ie not from one of the 4 main banks), if there is another encumbrance or instrument or title that requires attendances to allow you to refinance or swap banks, your work is performed under urgency or we agree on our fees in a letter of engagement.