Loans

The NZ Mortgage Income Trust Funds have a straightforward and transparent policy for the approval of loans. We currently lend against the security of a first ranking mortgage to home owners, landlords (residential and commercial), commercial owners and farmers.

For loan enquiries please contact Peter Hutchison by calling 0800 800 212 or email us at NZ Mortgage Income Trust.

• We lend on principles rather than hard and fast rules
  
  
• Queries and applications are responded to quickly
  
  
• We’re often more flexible than some traditional lenders
  
  
• The Fund lends in a wide variety of situations where first mortgage security is available

We’ll look at any first mortgage opportunity over almost any type of property. The following lending limits apply:

• Residential Rental First Mortgages up to 80% LVR*
  
  
• Owner Occupied Home First Mortgages up to 80% LVR*
  
  
• Commercial First Mortgages up to 66.67% LVR*
  
  
• Farm / Rural First Mortgages up to 60% LVR*
  
  
• Leasehold mortgages up to 50% LVR*
  
  
  

  Prime Mortgage Interest Rates:	Max. Loan%
  Commercial/Industrial 12.50%p.a.	66.67%
  Farming 11.75%p.a.	60%
  Home 11.75%p.a.	80%
  Residential/Rental 12.50%p.a.	80%

Notes:

• LVR: Loan to Value Ratio.
  
  
• Residential and Home loans between 75-80% are subject to additional requirements.
  
  
• Maximum exposure relates to the percentage of purchase price or the registered valuation (excluding chattels),
  whichever is lower.

• Maximum exposure against current quotable valuations is 50% for residential and rural zoned properties only

If you have any loan requirements please feel free to contact Peter Hutchison by phoning during office hours on 0800 800 212.