NON BANK, because you can't always bank on your Bank!

Welcome to a New Zealand first, a Non Bank website dedicated to providing you with information about Non Bank Lenders who provide home loans, commercial mortgages and personal loans, sometimes even loans with Bad Credit.

The term "non Bank" quite simply means those lenders who are involved in the business of providing finance, but are not the registered Banks like ANZ Bank, ASB Bank, HSBC, Kiwibank, National Bank, Bank of New Zealand, Rabo Bank, TSB & Westpac.

Non Bank lenders therefore includes recognised names like Sovereign & AMP, who are both also leaders in Insurance, NZF Money and Building Societies such as Southern Cross, Napier and Wairarapa.

These institutions compete head to head with the Banks for home loans and commercial mortgages, with competitive interest rates for loans. Potential clients will generally require a 20% mortgage deposit. a good credit history, income that can be clearly demonstrated by pay slips or financial accounts, well conducted cheque accounts, with overdraft limits being respected, and any loan payments always met when due.

There are also less well known non bank lenders who will consider sub prime or non bank, may be even bad credit loans that may not quite fit main stream banks or first tier lenders credit criteria. This could either be a  first or second mortgage for buying, building or refinancing a property and this may be an owner occupied home loan, a residential rental investment or for commercial use. These lenders tend  to focus on the areas with a larger population base such as Auckland and Wellington and other provincial centres such as Hamilton, Tauranga, New Plymouth, Taupo, Nelson and Dunedin.

Non bank lenders, also know as "subprime lenders",  this category will include Solicitor Nominee Funds, Group Investment Funds, Finance Companies and Private Lenders.

These non bank & nominee lenders will typically provide shorter term subprime home loan and commercial finance  facilities, for purchases or refinancing, but have more flexibility to structure a loan so that it fits the purpose that you require, rather than complying with the policy of a faceless back office credit department that you have no access to.

We have the benefit of being able to present your loan direct to the decision makers, explaining any issues such as, gifted deposit, bad credit, hard to show income, missed repayments, rather than you trying to negotiate your way through layers of bureaucracy.

Whilst NonBk Ltd is based on Auckland's North Shore, and I tend to look after this area, including Whangaparaoa, Orewa, Helensville, Warkworth, Wellsford, Whangarei and North, we also have Advisers in South and West Auckland, Wellington, Christchurch and Dunedin. We also provide a remote service using  phone fax scan and email and this covers areas such as Tauranga, Rotorua, Taupo and New Plymouth in the North Island and Nelson, Blenheim, West Coast, Queenstown and Invercargill in the South Island. With internet and email being a global service we also help people in Australia, America, China and Europe and only in May this year helped new clients from France with an urgent loan that was approved and settled within 5 days.

Note: Sometimes you can access funds in your KiwiSaver account to assist with a deposit on a home. It is important to realise though that this may impact on your longer term savings. This should always be discussed with your KiwiSaver provider or Authorised Financial Adviser. As a Registered Financial Adviser I am unable to advise on Investment products.

We encourage you to spend a little time at our non bank site for infomation on:

Non Bank Home Loans
No or Low Deposit Home Loans
Construction Home Loans
Commercial Loans
Low Doc or  Hard to Prove Income Home Loans
Refinancing
Second Mortgage / Caveat Loans
Bridging Finance
Loans with Bad Credit
Mortgagee Sale Rescue Finance to save your home 
Solicitor Nominee Loans 

If you then decide you want some more non bank information or advice we will be pleased to assist. We encourage you to use our online enquiry form as this will assist you to provide the key information required, so we can quickly give you the help you are looking for. We have also recently added a "skype" button so this often allows you to video call immediately if I am online.

Contact me by Skype