Non Bank loans

In nearly all cases we need to utilise the services of a non bank lender in a mortgagee sale to refinance the bank from selling your home at mortgagee sale.

Why won't another bank refinance?
When you're in arrears with your mortgage and facing a mortgage sale you do not fit the lending criteria of other banks. Because of this we recommend that you do not approach other banks - we may need their services later on down the track.

What are non bank lenders?
Non bank lenders are mainly property lenders, for example finance companies, private lenders, specialist lenders or nominee companies. Their lending criteria is more flexible than the banks and are willing to consider clients who's mortgages are in arrears - subject to their conditions of course. They do charge higher rates than the banks and the loan is subject to application fees and legal fees. We only use lenders who are registered with the Financial Service Providers Register. (FSPR)

So how can we help?
We can help at each stage of the mortgage arrears process even if the PLA has expired. We will need to assess your financial position and advise you on your options. We understand the stress and anguish that you must be going through and will do our utmost to assist if we can.

With our 'Mortgagor Rescue Package' maybe a second mortgage can be applied for to repay the arrears, may be a family member can help or guarantor. May be a full refinance is required to help you get back on your feet, then refinance back to 'bank rates' at a later date, or sell the property without the stigma of a mortgagee sale.

For many clients we have negotiated with the bank/lender to have expiry dates extended and liaised with the banks lawyers to find out other important information to help you. (We do charge an hourly rate for this service - if we negotiate on your behalf)

Over the years as a mortgage broker I have helped save 107 homes for mortgagee sale and saved hundreds of thousands of dollars in equity - I may be able to help you.

The above is for information purposes only and not to be taken as advice. For detailed advice on your situation -

Call us on 0800 ADVOCO (0800 238 626) or email us.

Some of the 107 homes Steve has saved from the auctioneers hammer!

King George Avenue, Epsom.

Williamson Avenue, Grey Lynn.

Khyber Pass, Grafton.

Ivy Place, Birkdale.

Evandale Street, Glen Innes.

Whangaparaoa Road, Whangaparaoa.

Layton Road, Manly.

Kenwick Place, Pakuranga.

Scenic Drive, Swanson.

Port Waikato Road, Tuakau.

Layton Road, Manly.

Eyre Street, Henderson.

Edinburgh Street, Pukekohe.

Ivon Road, East Tamaki.

Hillsborough Road, Mt Roskill.

Israel Avenue, Clover Park.

Dawson Road, East Tamaki.

Howell Street, Mt Roskill.

Lake Road, Devonport.

Rangatira Road, Birkdale.

Levesque Street, Birkdale.

Alidade Place, Massey.

Otaua Road, Waiuku.

Ambler Avenue, Glen Eden.

Trojan Crescent, New Lynn.