First Rate Mortgages Limited
Important information about our Company.
License status and conditions
First Rate Mortgages Limited (FSP271665), holds a licence issued by the Financial Markets Authority to provide financial advice. Our trading names are: First Rate Mortgages Ltd; NonBk Ltd - Non Bank Loans, Home Loans, Mortgages and Finance; A Second Mortgage.
Nature and scope of the financial advice given
We provide financial advice about products from a large range of both Bank and Non-Bank providers.
Please click here for a list of our current providers:
We do not provide advice on Personal Life Insurance, Investments such as Shares or KiwiSaver, Home and Contents Insurance.
The financial advice provided to you will only take into account the information you give us about your particular needs, financial situation or goals.
First Rate Mortgages Ltd, and anyone who gives financial advice on our behalf, have duties under the Financial Markets Conduct Act 2013 relating to the way that we give advice. We are required to:
- give priority to your interests by taking all reasonable steps to make sure our advice isn't materially influenced by our own interests.
- exercise care, diligence, and skill in providing you with advice.
- meet standards of competence, knowledge and skill set by the Code of Professional Conduct for Financial Advice Services (these are designed to make sure that we have the expertise needed to provide you with advice)
- meet standards of ethical behaviour, conduct and client care set by the Code of Professional Conduct for Financial Advice Services (these are designed to make sure we treat you as we should, and give you suitable advice}.
This is only a summary of the duties that we have. More information is available by contacting us, or by visiting the Financial Markets Authority website at https://www.fma.govt.nz.
The Code of Conduct standards can be read here: https://www.fma.govt.nz/assets/assets/code-of-professional-conduct-for-financial-advice-services.pdf.
No fees, expenses or other amounts payable for our financial advice
We do not charge any upfront fees, expenses or any other amounts for the initial financial advice given to you.
If you then choose to use our services to arrange finance we will then disclose any lender fees, brokerage fees, or other lending related costs that may be applicable. These can vary depending on which lender provides a loan offer.
How we are renumerated
The lender will pay commission and/or brokerage fees to First Rate Mortgages Ltd once the loan has settled. The amount of commission is based on the amount of the mortgage.
If we refer you to an independent Insurance Specialist, a referral commission will be paid to First Rate Mortgages Ltd if he/she writes a policy for you.
Conflicts of interest and commissions or other incentives
We will discuss with you any possible conflicts of interest at the outset and note them in our Loan Recommendation.
To ensure that our financial advisers prioritise the client's interest above their own, we follow an advice process that ensures our recommendations are made on the basis of the client's goals and circumstances.
All our financial advisers undergo annual training about how to manage conflicts of interest. We undertake a compliance audit, and a review of our compliance programme annually by a reputable compliance consultancy firm.
Our complaints process
If you have a problem, concern, or complaint about any part of the financial advice you have received from us, you may contact us using any of the following means:
|In writing:|| Complaints Officer
First Rate Mortgages Ltd t/a NonBk Ltd
PO Box 314095, Orewa
|By telephone:||09 426 8927|
When we receive a complaint, we will consider it following our internal complaints process:
- We will acknowledge your complaint within 2 working days.
- We may require additional information about your complaint or be able to advise how we could resolve it.
- We aim to resolve complaints within 15 working days of receiving them. If we can't, we will contact you within that time to let you know we need more time to consider your complaint.
If we can't resolve your complaint, or you aren't satisfied with the way we propose to do so, you can contact Financial Services Complaints Limited
Dispute resolution process
If our internal complaints process does not resolve your complaint to your satisfaction, you can contact our external independent dispute resolution scheme. This service is free and may help investigate or resolve the complaint.
We are a member of the Financial Services Complaints Limited's approved dispute resolution scheme. You can contact the Financial Services Complaints Limited at:
|Name||Financial Services Complaints Limited|
|Address||Level 4, Sybase House, 101 Lambton Quay Wellington 6011|
|Postal address||PO Box 5967, Wellington 6140|
|Telephone||0800 347 257|
First Rate Mortgages Ltd (FSP271665), is the Licensed Financial Advice Provider. Our trading names are: First Rate Mortgages Ltd, NonBk Ltd, Non Bank Loans, Home Loans, Mortgages and Finance; A Second Mortgage.
You can contact us at:
| First Rate Mortgages Ltd
P O Box 314095
Orewa, Rodney, 0946
Level 2, 12 Florence Ave, Orewa, Rodney, 0931
Access is from Hillary Square. If stairs are an issue, a local café may suit
|Phone||09 426 8927|