Mortgage News

Trail commissions introduced

Monday 3rd of April 2006
Propertyfinance chairman Barney Sundstrum said the company had researched the market carefully and it was clear that long-term relationships with brokers, characterised by trail commissions, are critically important.

"Mortgage brokers in New Zealand currently originate a much smaller percentage of home loans than countries such as the US and Australia. Less than one in three mortgages in N...

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