Banks are big, bureaucratic and can be really slow. Sometimes borrowers have opportunities that need to be executed quickly and big banks are just not going to be able to deliver to the borrower’s timeframes. We love these opportunities as we can normally turn loan approvals around in 24 hours from receiving all relevant information. We can also normally provide funds within 48 hours of conditions precedent being met, giving you fast access to the funds you need.
At Midlands, we believe every New Zealanders deserves the opportunity to change their financial future and grow their long-term wealth by investing in property. We applaud and celebrate the hard workers, the get up and goers, the doers, believers and the self-starters by providing non-bank property lending solutions that make good financial sense for all parties.
We’re fast, flexible & solutions driven
Midlands is a specialist non-bank mortgage lender. We offer term loans for residential, rural or commercial property and have lent to hundreds of New Zealand borrowers since our inception. We’re like a bank, without all the big bankie stuff.
That’s right, we’re fast, nimble and solutions oriented. Our specialist lending experts are flexible, pragmatic and practical lateral thinkers. They’ll take the time to understand your unique circumstances and, assuming it makes sense for all parties, create a tailored lending solution that suits.
Why do borrowers come to Midlands?
Flexibility
Banks are built to say yes only when every box is ticked. Real-world property projects don’t always fit neatly into a template. Midlands is a non-bank lender, which means we can be more flexible in how we assess and structure loans. We have a team of highly experienced, real humans who look at the full picture — the borrower, the security, the exit strategy and the underlying strength of the proposal — not just whether it fits a list of tick-boxes.
This flexibility allows us to support transactions that fall outside traditional bank appetite, such as time-sensitive purchases, being a new business owner, being self employed or being older, with plenty of assets but limited income or cash flow over a short period of time. We work with borrowers and brokers to tailor lending solutions that make commercial sense, with flexible terms, fees that make sense and interest only options, while still applying disciplined credit judgement.
Solutions Driven
Every property project is different. Some are more complex than others. Big banks don’t always deal well with things that fall outside the norm, and they tend to prefer things that fit nicely into their boxes. They have complicated policies, cumbersome processes and can rely on highly prescriptive criteria. This means applications may get lost in the machine even though the proposal is sound and the customer is creditworthy.
At Midlands, we pride ourselves on being pragmatic, practical and solutions driven. While we still have strict lending criteria that we need to meet, we take a hands-on approach, use common sense and sound judgement to find solutions and make smart lending decisions. If the fundamentals of a proposal make sense to us, we work to find a way forward, no matter how complex the deal, which is why brokers and borrowers often turn to us when traditional lenders can’t help. We can help you bridge the gap between the sale of an existing property and the purchase of a new one, find a way for you to release equity value in your current property for investment purposes or fund shorter term residential or commercial investment.
“Andrew has been the legend in the background putting this deal together with myself”
— Happy Mortgage Broker
We’re here to make things happen
Residential Loans
As a non-bank lender, we can assist clients purchasing an investment property or looking to release equity for business purposes or projects. We’ll take the time to understand your unique circumstances and tailor a lending solution that makes good financial sense for all parties.
Bridging Finance
When it comes to property, we know things don’t always align perfectly. Thankfully, we can provide shorter-term loans to bridge the gap between the purchase of a new property and the sale of an existing one. We offer sensible bridging finance over residential and commercial properties so if you’ve got plans in the making, give us a call.
Equity Release
If you’re wanting to unlock the equity in an existing residential or commercial property by borrowing against it to fund your next property venture, you’re in the right place. We’ve helped clients release equity to fund a business purchase or provide increased working capital to grow the business. We’ll take the time to understand your unique lending situation and tailor make a lending solution that make good financial sense for all parties.
Let’s Make Things Happen
Get in touch with our friendly, knowledgeable property loans team.
Andrew Sanders
Business Development Manager
Andrew has over 25 years’ experience in the banking and finance industry. He has a background in residential and business lending having held relationship and management roles with ASB and Westpac.
Andrew holds a Bachelor of Commerce from the University of Auckland.
Mark Hardman
Business Development Manager
Mark has 35 years’ experience in the financial services industry with a strong background in banking, specifically mortgages and asset finance, having held senior positions with Westpac & BNZ and internationally with the Provident Financial Group. More recently he has managed his own fund and has been involved with the local community, promoting financial literacy.
Mark has a postgraduate diploma in Management & Business.
E: mark@midlands.net.nz
T: 06 870 3260
M: 027 354 7223
