Welcome To Apple Mortgage
Apple Mortgage Limited holds a Full Financial Advice Provider (FAP) license (Class2) issued by the Financial Markets Authority (FMA) to provide financial advice services. Our Financial Services Provider (FSP) number is FSP1003525.
A Class 2 licence covers the service of a financial advice provider (whether the licence holder or any authorised body) providing regulated financial advice to retail clients:
There are no conditions attached to this licence on the financial advice that may be given under our licence from the FMA.
Address: 1E/3 Ceres Court Rosedale Auckland 0632
Phone: 021 2626468
Email: Johnson@applemortgage.co.nz
Website:www.applemortgage.co.nz
My financial advice is authorized to provide a financial advice service under a current financial advice provider license issued by the Financial Markets Authority in the name of: Apple Mortgage Limited.
The information below will help you understand what type of advice We can provide to you.
Services We provide
We will help you choose and apply for a loan that is suitable for your purpose from a panel of lenders (Set out below). Once We have chosen a lender and loan terms that are suitable for you, We will help you to obtain an approval.
Banks and lenders We use
Products We can help you with
We may receive commissions at settlement from the relevant lender if you choose to take out a mortgage following my advice. The commissions are between 0.50% and 1% of the initial mortgage balance or amount funded. We may/will also receive 0.15% to 0.2% of the mortgage balance on each anniversary.
The commission We receive is shared with Apple Mortgage Limited for providing me with compliance support, training, and back-office support.
Your Financial Adviser will provide you with their own disclosure information during the advice process. Any conflicts of interest or other incentives will be explained to you, along with how they are managed.
We am paid commissions by lenders when a mortgage settles and in some cases at the mortgage anniversary each year.
We ensure that We prioritize your interests by following an advice process that considers your circumstances and goals. We research suitable products and providers to ensure the advice meets your needs.
We also undergo annual training on how to manage any conflicts of interest and record any conflicts in a register that we review and manage.
We follow an advice process that ensures We understand your needs and goals so that We always recommend the best product for you regardless the type and amount of commission We will receive
Apple Mortgage Limited is subject to a yearly audit and compliance reviews to ensure we meet our obligations while doing right by our clients.
We do not charge you a fee if you decide to take a loan. The lender may pay us a commission if you decide to take up our advice and when your loan settles. However, We may charge you for the financial advice that We provide if you cancel or refinance your mortgage within the first two years after it settles. We will use the following formula to calculate the fee:
Fee for our financial advice = $2500 for 10 hours of work calculated at $250 per hour
We will invoice you for this fee and it will be payable on the 15th of the month following the cancellation of your policies. Details of how to make payment will be included on the invoice.
A reliability event is something that may materially influence your decision on seeking advice from Apple Mortgage Limited or from me. Some examples of reliability events are legal proceedings against me or if We had been bankrupt in the last four years.
Neither Apple Mortgage Limited nor We have been subject to a reliability event.