HomeSec Business Finance Expands to New Zealand
In 2020, the news broke how HomeSec Business Finance Expands to New Zealand. To launch a brand-new business finance company in the New Zealand market during such a challenging year was a brave decision, however it is one that has been enthusiastcally embraced by a growing list of mortgage brokers across the country.
Australia and New Zealand have enjoyed a solid relationship since day dot, so to us this felt like a very natural progression in our evolution and expansion at HomeSec Business Finance.
This was something we had been seriously considering for a long time, and with New Zealand currently having a very strong and stable economy, we thought what better time than now.
At HomeSec, one of our core values we pride ourselves on is our ability to keep an open mind with our business loans. We take a very flexible approach to our lending. This means we consider each client on their individual merits and take each loan on a case by case basis. So, if a loan stacks up, but it’s got a higher LVR, then we will still fund the deal. Our approach to dealing with our New Zealand customers has been no different.
New Zealand has a very strong and stable government, and this has been evident with their handling and response to Coronavirus. Arguably, ithas been one of the best in the world. As a result of this, New Zealand small business owners haven’t been hit quite as hard as the rest of the world. They have generally been able to keep their head above water during these unprecedented times.
Property prices are strong and are going up in a lot of areas, and the market as a whole is secure. With such a stable economy, the only issue is that unfortunately there aren’t a lot of business lending options for businesses in New Zealand. Despite the fact that many New Zealand business owners are eager to grow and expand, they are sometimes unable to. This is because the ability to access funds is simply not there.
This is where HomeSec Business Finance comes in!
Our New Zealand application process is also all online, and we deal with our clients over the phone, so it really has been a seamless transition for us.
We’ve found the general attitude of our New Zealand clients and mortgage brokers to be extremely refreshing. So many of them enthusiastic to learn about our product. There seems to be a general willingness to keep an open mind in exploring alternative funding solutions.
A considerable proportion of our new clients so far are property developers. This is reflective of the booming housing and commercial property markets. However we are sure in time this will only continue to diversify.
The same unique features of our Business Loans are also the same for our NZ Clients and Brokers…
- We can settle in under 24 hours
- We don’t do sworn valuations
- We don’t require cashflow figures or financials
- We don’t charge excessive upfront fees
On behalf of the team at HomeSec Business Finance, we’d like to say a big welcome to our New Zealand customers and New Zealand mortgage brokers. We look forward to continuing a very strong relationship with our neighbours across the Tasman.
Why is this useful info for Australian Mortgage Brokers?
Many of our mortgage brokers in Australia have ex-pat Kiwis as clients. We have had many occasions where a business owner in Australia needed to borrow money. Unfortunately all of their real estate assets are in New Zealand. Thats when our Australian mortgage brokers get on the phone and say Heeeeelllloooooo HomeSec. They then get the funds for their Aussie client in 24 hours.
Learn More about HomeSec New Zealand at www.HomeSec.co.nz