Squirrel sets up a drey in Christchuch

Squirrel has acquired a majority stake in leading Christchurch-based mortgage brokerage, NZ Mortgages, with the businesses set to merge under the Squirrel brand.

Nathan Miglani founded NZ Mortgages (formerly Loan Market Paramount) in 2017. Miglani has expanded the business from a solo operation to a team of more than 20, serving clients in Christchurch, Rolleston, and beyond.

This is the second major acquisition for Squirrel in recent years, following its merger with Wellington mortgage advisory business The Home Loan Shop in 2022.

Squirrel chief executive David Cunningham, says this latest move marks an important next step on the company’s mission of becoming an iconic New Zealand brand with a nationwide presence, and waking Kiwi up to an easier way of getting a home loan.