A lab experiment moves to next phase
Mortgage Lab, which was set up by Rupert Gough in 2017, has grown to have 25 advisers covering most of the country.
Gough, who is the majority shareholder, has agreed to sell the business to the Maurice Trapp Group (MTG) which largely specialises insurance.
Gough, who is the mortgage representative at Financial Advice NZ, says, “with the increased compliance requirements, the company needed a corporate structure behind it. Maurice Trapp Group has the resources to take Mortgage Lab to the next level.”
Gough exits as chief executive for an undefined new role.
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