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Mortgages

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Big Loan Market writer goes alone

One of Loan Market's top writers has left the franchise to set up his own mortgage advice business.

Monday, March 6th 2023, 6:00AM 1 Comment

by Eric Frykberg

Nathan Miglani joined Loan Market franchise in 2017, and was named its number one mortgage adviser in Australasia in the group's awards last year.

He has set up NZ Mortgages as as standalone group and has a staff numbering 20.

He says he was happy to start the new company after reflecting on what his professional life would be like for the next 5 to 10 years.

“Well, the result of all this, I’m happy to say, is we are now operating independent of any franchise structure and under a brand-new name, NZ Mortgages,” Miglani said.

“This will be our ‘new baby’ to nurture over the next few years as we strive for our goal of becoming a household name.”

Miglani said his business would differ from many others, as it would not sit inside a real estate company as some firms are.

The move away from a franchise model which provides full support to its advisers, comes weeks before the new financial adviser licensing regime kicks in.

Miglani says because the market has quietened down there is more time to take a long term view.

“For the last couple of years, the market has been pretty mental, it was quite crazy what happened in New Zealand after Covid.

“But now, the market is more balanced, it is not crazy busy, so we have had time to work on the business, rather than working at the business. So we are taking this opportunity to make sure the whole team stays happy, the whole team stays motivated, and the whole team is inspired for the next ten years rather than being frustrated on a daily basis.”

Miglani said this was a big move to make, but it was essential for his growth as a business owner.

“I had come to a bit of a block and needed to ask myself whether I could fully enjoy what I was doing for another few years. What I’ve discovered is that ‘creating’ something is more important that ‘achieving’ something - it energises rather than depletes.”

Tags: Mortgage Advisers

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Comments from our readers

On 6 March 2023 at 3:09 pm valkyrie6 said:
Congratulations Nathan, best business move ever! Now you own your own brand and now you own your own customers, and now you can be independent and not have the conflict of interest being aligned with a real estate company, all you need now is your own independently owned CRM.

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.14 6.75 6.39
ANZ 8.64 ▼7.45 ▼7.09 ▼6.95
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - ▼6.85 ▼6.49 ▼6.35
ASB Bank 8.64 ▼6.85 ▼6.49 ▼6.35
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - ▼6.85 ▼6.49 ▼6.39
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 ▼7.45 ▼7.09 ▼6.99
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - ▼6.59 - -
Co-operative Bank - Owner Occ 8.40 ▼6.79 ▼6.49 ▼6.35
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 ▼7.29 ▼6.99 ▼6.85
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 ▼6.69 ▼6.35 ▼6.15
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.69 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.74 7.35 6.99
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 ▼7.75 ▼7.39 ▼7.19
Kiwibank - Offset 8.50 - - -
Kiwibank Special - ▼6.85 ▼6.49 ▼6.39
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.65 7.25 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 8.74 7.74 7.09 6.95
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 7.14 6.49 6.35
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.14 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 ▼7.65 ▼7.29 ▼7.19
TSB Special 8.64 ▼6.85 ▼6.49 ▼6.39
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - 6.55 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Lender Flt 1yr 2yr 3yr
Westpac 8.64 7.49 7.35 6.99
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 6.89 6.75 6.39
Median 8.64 7.12 6.82 6.39

Last updated: 22 July 2024 9:25am

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