Do Mortgage Brokers Charge Fees In NZ?

When looking to buy a house in New Zealand - or even refinancing or restructuring an existing loan - using a mortgage broker can save you time, money and stress. Mortgage brokers are specifically trained in the area of home loans, you'll generally only deal with one person over your years in the property market, they understand what the bank needs in terms of finance and best of all they don't charge you a fee. So, what are the costs and how does it all work?

Understanding Mortgage Broker Costs in NZ

Mortgage brokers can help get your home loan approved

Navigating the mortgage market can be a daunting task, especially for first-time homebuyers. How much can you borrow? Which bank will approve you? How should you structure your loan?

Mortgage brokers are client-focused people, who work to help you not only secure a loan for your home, but also to help provide advice around grants you might be eligible for, spending habits leading up to the purchase, and explaining the different mortgage structures that might be best for your situation.

And best of all, there's no charge to you.

Mortgage brokers in NZ are free and do not charge you a fee. They are paid by a commission from the bank that approves your home loan, based on your mortgage value.

So Why Use a Mortgage Broker?

Example of mortgage structure and payments

Here are some key reasons why you might consider working with a local mortgage broker:

No Client Fees

As mentioned, mortgage brokers do not charge clients for their services. This means you can access expert advice and guidance without incurring additional expenses, making the homebuying process more accessible and cost-effective.


Mortgage brokers are knowledgeable professionals who understand the intricacies of the New Zealand mortgage market. Some are also Registered Financial Advisors, so they can provide you with valuable insights and personalized advice, helping you make informed decisions throughout your mortgage journey.

Wide Network of Lenders

Mortgage advisors have connections with a broad network of lenders, ranging from banks to non-bank lenders. This extensive network enables them to explore a variety of mortgage options and interest rates, ensuring that you have access to a wide selection of choices. 

Time Efficiency

Searching for the right mortgage product and lender can be a time-consuming endeavor. Your broker can save time and effort by handling the legwork for you.

They can assist you in preparing the necessary documents, completing your application, and managing negotiations with lenders.

Personalized Service

Advanced Mortgage Solutions can help get your mortgage approved

Your local broker should take the time to get to know you and understand your unique financial goals and circumstances. This personalized approach ensures that you receive tailored advice and mortgage solutions that align with your specific needs and objectives.

In conclusion, mortgage brokers in New Zealand do not charge fees to their clients. Their advice and support in getting your home loan approved and completed is free to you, and covered by a commission from the successful lender.

This means you have access to expert, personalised help for no additional cost. So when you are considering buying a house, restructuring your existing home loan, or refinancing, think about contacting a mortgage broker to see how they can help you in your property journey.

  • Thanks Scott for such efficient service. This was the second time I have used you for mortgage help and both times you have been amazing. You deliver clear, concise information and are very knowledgeable about all things mortgage related. You made the process super easy for us and we thank you for helping us to keep our rental and purchase our new family home, where I am sure many happy memories will be made. We 100% recommend Scott to anyone looking to sort a mortgage. Thanks
    Amanda Abel - 05 July 2024
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    Simon Abel - 04 July 2024
  • Scott was incredibly supportive and patient with our many questions regarding securing the loan for our first home. Scott has a vast amount of knowledge, which he kindly shared which made this at times very daunting task a lot easier. The house hunting process was made so much easier thanks to the very detailed email series provided by Scott and his team. He has always made himself very accessible, which we greatly appreciate.
    Aine Doherty - 04 July 2024
  • Scott is a finance wizard and performs finance magic and I won't be convinced otherwise! Scott was absolutely fantastic on our path to buying our first home, we really couldn't have done it without him. Thanks Scott!
    Lewis Ellison - 03 July 2024
  • Couldn't recommend Scott more. We had a great experience from start to finish and received such awesome service and advice to help us get into our first home.
    Holly Christensen - 03 July 2024