Loans

Starting a business

You may not want to be working for someone else all your life, and have decided you want to start or buy your own business, in most cases you need to have the funding to make this happen. The loan will usually depend on what kind of business you plan to operate, your available funds, your assets, your skills and business plan plus your ability to service the loan. Funding new ventures is always more difficult as there is a high level of risk attached. Besides the usual family, friends and acquaintances, there are investors that will look at well structured and thought-out new business ventures. Unfortunately many Banks will be very cautious when it comes to funding a new business venture due to the risk attached. If you feel your concept is very well planed and researched and likely to be supported by a bank, or would like to know if your venture is likely to be suitable for funding then please complete our enquiry form.

Buying a business

Buying an established business is always safer than starting one from scratch. Having a proven business model, a financial history and a customer base with cash flow reduces the risk to lenders. Banks will be able to review the last 3 years financials, see any trends, and ascertain if you, your projections and the business are a suitable to lend on. The amount lent will usually be limited to the collateral you can provide and your ability to repay the loan. The larger the loan, the more security required and the greater the repayments need to be. When applying for finance always consider your working capital needs, as this too will need funding. If you have a business you are looking to buy please consult one of our loan experts.

Growing your business

Businesses seldom stand still, and with growth will often need additional capital for plant and equipment. Growing a business however is not easy, as more staff put pressure on your cashflow and it can be difficult to fund expansion out of cashflow. It can take a long time to save up sufficient money to grow your business, so a small business loan is required. Often this can be done through your bank, or by having the plant or equipment funded buy a specialist in that area.

Securing a business loan

TFS Financial Advisers is here to provide you with an easy, confidential, and convenient means of sourcing and securing business finance at the best possible rates while putting you in control. With many years of commercial banking experience and know-how, TFS Financial Advisers shop key lending institutions to get you the best possible deal on your finance, while working to minimise your costs and bank fees. For more information please consult our Team.

Buying Your First Home

There are so many things to consider when buying your first home -- it can be confusing. How much can I afford? Can I use my Kiwisaver? Do I qualify for a first home buyer grant? Which lender is right for my needs?

Come in and speak with one of our mortgage advisers and we can analyze your needs and goals, and help you find the right loan to fit your needs and let you know about programs and options available for first home buyers.

Don't wait, call us today on 0800 837 000 and ask to speak to a mortgage adviser today.

Get A Second Mortgage

Looking for a Second Mortgage?

Are you looking to up size, down size or buy the next home before your have sold? Maybe you want to rent out your existing property and buy a new owner occupied home?

Is it a good time to review all your existing mortgage structures and rates?

Whatever your need, we can help make it happen and our mortgage experts will help you piece it all together.

Guidelines for a 2nd Mortgage:

Equity: The Bank will need to be satisfied with the level of equity in the property being used as security for the 2nd Mortgage.

Type of Property: Not all properties are treated the same way when being assessed as security.

Servicing: The total level of servicing for both the mortgage and other financial commitments will be taken into account.

Repayment: The term of the loan and repayment method is a factor. There will be an assessment made on the borrower's ability to repay the 2nd mortgage over a certain time period.

Your Options

We can help you determine if a 2nd mortgage is the right option for you. Sometimes we find we can help clients with more effective ways to get finance.

Want to learn more?

Call Now 0800 837 000

Buying Investment Property

New to Property Investment or a Seasoned Investor?

Would you like to know how to get started with financing your first property investment? Are you already an investor looking to build a relationship with an experienced mortgage adviser?

Whatever your situation we can help.

What is Your Property Strategy?

Are you looking for low return but high capital growth properties? Or are you looking for properties that may be cheaper in less desirable suburbs but have a higher rent return? Or you may even find a combination of both!

The key is to view property investment as a business, even if you just buy one rental and work hard to pay it off quickly with the tenants help.

A quick way of working out a gross return on a property is take the weekly rent eg $300 on a property purchased for $300,000. Times it by 52 weeks to get an annual income = $15,600. Then times $15,600 by 100, then divide that figure into the $300,000 purchase price which should equal 5.2% return. Ideally you want your return to be higher than the mortgage rate. The more the income covers expenses, the less you have to top up the shortfall.

Remember banks will only take into account a % of the income (usually 75%) in the servicing calculator. This allows for expenses and any time between tenancies.

With any rental purchase you need to at least understand all the basic numbers. Calculate all the relevant property expenses eg interest, rates, insurance, body corporate fees (if unit title), property manager. Then deduct from the income to determine how much you will need to cover yourself from your own income. Banks will want to see that you have a good surplus income to cover such shortfall.

If you're interested in how we can help with your investment strategy, contact us today.

Call Now 0800 837 000

Refinance Your Mortgage

Refinancing – Re-fixing rates – Testing the Market – Paying out an ex-partner? – Paying out an ex-partner?

Do you need some help and advice refinancing or re-fixing rates? We have our finger on the market at all times and can help arrange things for you easily.

Is your existing bank still the best option, or is there another more interested in your needs? We will find out and may even be able to contribute some cash if refinancing.

This service is free if doing it online however if we come and visit you for re-fixing rates, there may be a small fee.

If you have a question email info@tfs.co

Remember banks will only take into account a % of the income (usually 75%) in the servicing calculator. This allows for expenses and any time between tenancies.

Mortgage Top Up

Need to consolidate debt, buy a heat pump, buy a car, buy a business, renovate? Whatever the need, we will be there to help.

Call Now 0800 837 000

Equity Release

Refinancing – Re-fixing rates – Testing the Market – Paying out an ex-partner?

Do you need some help and advice refinancing or re-fixing rates? We have our finger on the market at all times and can help arrange things for you easily.

Is your existing bank still the best option, or is there another more interested in your needs? We will find out and may even be able to contribute some cash if refinancing.

This service is free if doing it online however if we come and visit you for re-fixing rates, there may be a small fee.

If you have a question feel free to email us at info@tfs.co

Mortgage Top Up

Need to consolidate debt, buy a heat pump, buy a car, buy a business, renovate? Whatever the need, we will be there to help.

Call Now 0800 837 000

Adverse Credit

Bank Said No? Wellington Mortgage Brokers can help!

Having Trouble Getting Approved By Your Bank?

You may have adverse credit or bad credit rating, your bank may not be willing to lend you what you need, perhaps all your deposit is gifted, you have no proof of income, you may not have business financials, your account conduct may not have been flash and had a few hiccups.

It's highly likely your bank just doesn't understand your personal circumstances or the complexity of what you are trying to do.

At TFS Financial Advisers we are not here to judge but rather listen and work for you to try and make something happen. It could be from using another bank or non bank lender. You may not realise there are other options out there!

Regardless of your situation there may be a solution and you can talk to us 7 days a week for a confidential chat.

It is not uncommon that while one bank will lend you money, based on the same information, another bank will not. We will SAVE you TIME and MONEY and through our experience and contacts will look at all possible options.

Call Now 0800 837 000