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Tuesday 18 June 2013  Add your comment
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Riley's new home

Mike Pero Mortgages chief executive Shaun Riley says last week's rumours he has resigned were correct and he will depart the company in July.

Monday, May 7th 2012, 3:05PM

by Jenny Ruth

He will become chief executive of new home builder Platinum Homes, Riley says.

His new company operates through licensees in a similar model to the Mike Pero franchisee system, he says.

Riley wouldn't be drawn on his reasons for leaving or whether it has anything to do with the ownership dispute going on between the two Mike Pero shareholders, NZF Group and Liberty Financial.

"I've got my reasons but I will keep them to myself," Riley says.

 Riley took on the Mike Pero job in September 2008 after leaving the chief executive role at Geneva Finance.

« ANZ National streamlines its mortgage application processSBS cuts longer term home loan rates »

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AMP Home Loans 6.24 5.25 4.99 5.65
AMP Home Loans $200k+ 6.14 5.15 4.89 5.55
ANZ 5.74 5.25 5.45 5.80
ANZ Special - 4.95 - -
ASB Bank 5.75 5.19 5.45 5.75
ASB Bank Special - 4.95 - -
Bank Direct Special - 4.95 - -
BankDirect 5.75 5.19 5.45 5.75
BNZ - Classic - - 5.40 -
BNZ - GlobalPlus 5.99 5.25 5.65 5.80
BNZ - Mortgage One 6.40 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Rapid Repay 5.99 - - -
BNZ - Std, FlyBuys 5.99 5.25 5.65 5.80
BNZ - TotalMoney 5.74 - - -
Credit Union Auckland 6.20 - - -
Credit Union Baywide 5.85 5.45 5.45 -
Credit Union North 6.45 - - -
Credit Union South 5.75 - - -
eMortgage 6.04 6.15 6.69 7.19
Fantastic Home Loans 5.74 5.19 5.40 5.75
Fidelity Life 5.70 5.85 6.35 -
Finance Direct 6.10 6.45 6.69 7.10
Lender Flt 1yr 2yr 3yr
First Credit Union 6.45 - - -
General Finance 5.95 6.25 6.50 7.10
HBS Bank 5.65 ▼4.95 4.99 5.65
Heartland 5.95 6.25 6.50 7.10
Heretaunga Building Society 5.75 5.25 5.65 -
Housing NZ Corp 5.75 5.25 5.40 5.74
HSBC Premier 5.99 4.99 5.25 5.45
HSBC Premier Special - - - -
Kiwibank 5.65 4.89 5.25 5.65
Kiwibank - Capped 5.65 6.50 - -
Kiwibank - Offset 5.50 - - -
Lender Flt 1yr 2yr 3yr
Liberty 5.64 - - -
Napier Building Society 5.80 6.00 6.70 -
Nelson Building Society 6.45 5.95 6.25 -
NZ Home Loans 5.85 5.25 5.45 5.75
Perpetual Trust 7.70 - - -
RESIMAC - lo doc 6.59 6.35 6.55 6.90
RESIMAC LVR <80% 5.59 5.35 5.55 5.90
SBS Bank 5.65 ▼4.94 4.99 5.65
Silver Fern 5.95 6.10 6.55 7.05
Southern Cross 5.95 6.25 6.50 7.10
Sovereign 5.85 5.19 5.45 5.75
Lender Flt 1yr 2yr 3yr
The Co-operative Bank 5.70 ▼4.94 5.35 5.75
The Co-operative Bank Special - - - -
TSB Bank 5.79 5.25 5.30 5.75
TSB Bank Special - ▼4.88 - -
Wairarapa Building Society 6.20 6.70 6.95 -
Westpac 6.24 5.19 5.45 5.90
Westpac - Capped rates - 6.50 - -
Westpac LVR >80% - 4.94 - -
Median 5.85 5.25 5.45 5.75

Last updated: 16 June 2013 9:53pm

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