About Savvy Mortgages
At Savvy Mortgages, we believe great financial advice starts with genuinely understanding you. Our approach is friendly, straightforward, and focused on your individual goals. Whether you’re buying your first home, refinancing, or growing your property portfolio, we’re here to make the process as smooth and stress-free as possible.
Savvy Mortgages Limited trading as Savvy Mortgages FSPR No: FSP1009206 Address: 59A Caronia Crescent, Lynfield, Auckland 1042 Phone: +64 21 781 774 Email: nitin@savvynz.co.nz Website: www.savvynz.co.nz
Licensing Information
Savvy Mortgages Limited is a licensed Financial Advice Provider (FAP), holding a licence issued by the New Zealand Financial Markets Authority (FMA).
Nature and Scope of Advice
We provide financial advice on mortgage products and consumer credit contracts. We work with a panel of lenders to find a loan that is suitable for your needs and circumstances. Once we have identified the right lender and loan terms for you, we will help you through to approval.
Our lending panel includes:
ANZ, ASB, Westpac, BNZ, Kiwibank, TSB, SBS, The Cooperative Bank, Unity, AIA Go Home Loan, Avanti Finance, MTF Finance, Pallas Capital, Pepper Money, Prospa, Southern Cross Partners, Basecorp, Bluestone NZ, CFML, GEM by Latitude, General Finance, Heartland Bank, Liberty Financial, Cressida Capital, DBR, First Mortgage Trust, Funding Partners.
We do not provide advice on the following:
- Investment products (shares, bonds, managed funds, etc.) or KiwiSaver
- Estate planning (Wills, Enduring Powers of Attorney, or trusts)
- General insurance products
- Personal risk insurance products
For insurance and KiwiSaver enquiries, we refer clients to suitably qualified third-party advisers.
Fees and Expenses
In most cases, Savvy Mortgages does not charge you any fees for the financial advice we provide. We are paid by the lender via commission when your loan settles.
There are some exceptions to this:
When no commission is received If we provide financial advice and do not receive a commission from the lender, we may charge a one-off fee. This would be agreed and authorised by you in writing before any work is completed.
If you proceed with another lender or adviser after approval If we obtain loan approval on your behalf and you then choose to proceed with another lender or adviser directly, a fee of up to $3,500 may apply. This covers the costs incurred and commission foregone in obtaining that approval.
Specialist or complex applications If your application involves non-mainstream lending or added complexity (such as past credit impairments), we may charge for our time at $250 + GST per hour. You will always be informed and given a fee estimate before we proceed with any additional work. Payment is due by the 20th of the month following the invoice, or on settlement.
Early repayment or clawback If you repay your home loan or make a significant lump sum repayment within 28 months of drawdown, the lender may reclaim (claw back) the commission paid to us. In this case, Savvy Mortgages reserves the right to charge a fee up to the value of that clawback. Payment is due by the 20th of the month following the invoice.
To avoid this where possible, please talk to us before making significant changes to your loan. We can often restructure your lending to suit your new circumstances without triggering additional fees.
All one-off fees will be invoiced with 30 days to pay.
Conflicts of Interest and Commissions
When a mortgage settles, we receive commission from the lender. This is typically an upfront payment and may also include a trail commission. Some lenders also pay a fixed fee when we assist with refixing your loan.
We are committed to acting in your best interest at all times. This means:
- We recommend the most suitable product for your needs, regardless of the commission we receive
- We ensure the loan amount aligns with your actual requirements
- We are fully transparent about the commissions we receive
The table below shows the commission rates we receive from each lender:
| Lender | Upfront % | Trail % | Refix ($) |
| ANZ | 0.85% | 0.00% | $150 |
| ASB | 0.85% | 0.00% | $150 |
| Westpac | 0.60% | 0.20% | $0 |
| BNZ | 0.55% | 0.15% | $0 |
| Kiwibank | 0.55% | 0.15% | $150 |
| TSB | 0.85% | 0.00% | $150 |
| SBS Bank | 0.85% | 0.00% | $150 |
| The Co-operative Bank | 0.70% | 0.00% | $150 |
| AIA Go Home Loans | 0.60% | 0.20% | $0 |
| Unity | 0.50% | 0.00% | $0 |
| Avanti Finance | 0.80% | 0.00% | $0 |
| ASAP Finance Limited | 0.80% | 0.00% | $0 |
| Basecorp Finance | 0.85% | 0.00% | $0 |
| Bluestone NZ | — | — | — |
| Pepper Money | 0.60% | 0.15% | $0 |
| Resimac | 0.60–0.80% | 0.15% | $0 |
| Liberty Finance | 0.60% | 0.15% | $0 |
| Select Home Loan | 0.60% | 0.15% | $0 |
| Heartland Bank | $500 (incl. GST) | 0.25% | $0 |
| Cressida Capital | 1.00% | 0.00% | $0 |
| DBR | 1.00% | 0.00% | $0 |
| First Mortgage Trust | 1.00% | 0.00% | $0 |
| Southern Cross Partners | 1.00% | 0.00% | $0 |
| CFML | 1.00% | 0.00% | $0 |
| ZIP Business | 1.00% | 0.00% | $0 |
