A new player has entered the mortgage broking market
NZ Loan, which is particularly targeting first-home buyers finding it difficult to get into the housing market and those with tarnished credit records, including discharged bankrupts.
Monday, May 23rd 2005, 4:02AM
by The Landlord
NZ Loan was established about five years ago as a broker arranging personal and car loans and organising debt consolidation. For the last two years it has been owned by Radius Health Group that offers a range of health and life care services.Radius, which operates in 20 centres around the country, is privately owned by New Zealanders.
Brian Winthrop, general manager of NZ Loan, says while his part of the firm might seem an odd fit, Radius has "similar skill sets" in its security business and it franchises through its @ your request brand.
NZ Loan currently has 10 staff and it’s looking to add a further four.
He says his company doesn't want to be viewed as a traditional mortgage broker. "We want to break the mould."
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