DISCLOSURE STATEMENT
LICENCING INFORMATION:
LINDSAY HOME LOANS & FINANCIAL SERVICES LIMITED (FSP769496) (NZBN: 9429041740194) is an authorised body under a licence issued by the Financial Markets Authority in the name of: NZ Financial Services Group (FSP286965).
NATURE AND SCOPE OF THE ADVICE:
Lindsay Home Loans & Financial Services Limited may provide advice to our clients about home loans, asset finance and personal lending. Our financial advisers provide financial advice in relation to these financial advice products.
We only provide financial advice about products from certain providers and we work with the following lenders:
ANZ, ASB, BNZ, Westpac, AIA, Cooperative Bank, SBS, TSB, Pepper Money, First Mortgage Trust,
Basecorp Finance Ltd, Finbase, General Finance, Midlands Funds Management, ASAP Finance Ltd, Avanti Finance, Cressida Capital, DBR, Heartland Bank, Liberty Financial, Unity, Southern Cross Partners, CFML, Pallas Capital, Prospa, Funding Partners, Bizcap
FEES OR EXPENSES:
In most cases we are paid by the lender direct, however there are times when this is not the case and we then need to charge for our services. This happens rarely and when it does we will have a very clear conversation about the amount and any relevant terms and conditions and full details will also be included in our statement of advice.
Lindsay Home Loans & Financial Services Limited may charge a fee for the financial advice provided if you cancel or repay your lending within two years of inception. The fee charged for the financial advice provided to you will generally be calculated on the following basis: $2,500 (including GST) or a portion thereof depending upon the length of time the lending was in force. Whilst we are unable to provide you with an accurate calculation of the fee for advice at this time, we will confirm this with you in our statement of advice. Any fee will be payable by you by the 20th of the month after the lending is cancelled or repaid within 2 years of inception.
Lenders may at times require items such as registered valuations and building inspection reports as a condition of assessment or approval. These are at the applicants' / clients' cost. We have no control over the prices of these items as they are provided by independent professionals as part of a different industry.
CONFLICTS OF INTEREST AND INCENTIVES:
Lindsay Home Loans & Financial Services Limited and/or the financial adviser receive commissions from the lenders with whom we arrange lending. If you decide to take out the loan, the lender will pay a commission to us for our advice. The amount of the commission is based on the amount of the mortgage.
To ensure that our financial advisers prioritise our clients’ interests above their own, we follow an advice process that ensures our recommendations are made on the basis of each client’s goals and circumstances. We are subject to an independent compliance monitoring programme by New Zealand Financial Services Group Limited.