Refinancing a Property

There are a wide variety of lenders which makes refinancing a real option for reducing repayments, getting extra money for improvements, another purchase or other financial needs.

You do not have to use your current bank, or you will not have to change your bank. The choice is yours. Our LawLend membership enables to provide your with information on all lenders & to assist you with the application at no cost to you. In fact there can be a saving to you as well as the Lender pays us a brokerage fee which can be used to subsidise part of your legal fees. Check here for current rates offered by the lenders we deal with. These are current only at the stated date and are subject to change.

Whether you need a fixed rate, floating rate, split loan or other terms. We can show you what the options are and what the costs and savings of each are.

A valuation of your property will be required. Depending on the amount you are borrowing this can be the Quotable Values "Roll Value" for your property. Contact them to get up to date information on your property if you do not already have that. Otherwise a full valuation can be obtained through: Rex Smith of Properties Online for Central and West Auckland or John Batley of Darroch Associates for Central and South Auckland.

Evidence of earnings (or your last years Profit and Loss if self employed) will be required.

You should have a clear credit rating history. This can be checked yourself or by us through Baynet/CRA Contact them. If you have had any credit problems in the past these will need to have been cleared and extra information provided to assure the lender you will not have similar problems in the future. The last thing the lender wants is problems getting your payments, or to have to sell your house to recover their money.

Contact us for more details and assistance with your particular requirements.