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Belgrave aims for more conservative investors
Wednesday 18th of July 2007
Called the Belgrave Insured First Mortgage Fund, it will only be lending against property, with first mortgage security and only up to 65% of a property's valuation, says managing director Shane Buckley.
In addition, all loans will be 100% insured by a Lloyds of London policy.
Only two other finance companies in New Zealand have such policies, Capital + Merchant Finance and the Bridge...
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