MORTGAGE WARRANT OF FITNESS
When did you last check if your mortgage is still working for you?
Most people haven’t.
It’s worth fifteen minutes to find out.
Banks reserve their best rates for new customers. If you’ve been with the same lender for a few years and just accepted whatever they offered at refix time, there is a reasonable chance you are paying more than you need to.
A Mortgage Warrant of Fitness is a review of your current mortgage by an independent mortgage broker. We look at your rate, your structure, your lender, and your life stage, and tell you honestly whether everything is still working for you, or whether a change is worth making.
No obligation. No paperwork. Just clarity on whether your mortgage is doing its job.
WHAT IS LOYALTY COSTING YOU
Your bank rewards new customers.
Not loyal ones.
0.9–1.0% Cashback incentive on the loan value
EXISTING CUSTOMER
0.25–0.4%Retention payment, only if you threaten to leave
The gap, repeated at every refix, compounds into tens of thousands of dollars over the life of a mortgage.
$30k
On a $500,000 mortgage, a 0.3% rate variance costs $1,500 per year. Over 20 years, that’s $30,000 paid to your bank for no reason other than not asking.
Banks don’t send letters saying you could save money by shopping around.
That’s not in their interest. It is very much ours.
WHAT A MORTGAGE WARRANT OF FITNESS COVERS
It’s more than just the rate.
Most people focus on interest rates when they think about reviewing their mortgage. Rates matter, but they’re only part of the picture. The structure of your loan, how it’s split, whether it’s fixed or floating or both, whether you have a revolving credit or offset facility, can be worth as much as the rate itself over time.
We also look at whether your current lender is still the right fit for your life stage. A mortgage that made sense when you bought your first home may not be the right structure for someone who now has equity, investment ambitions, or a business.
What we cover in a Mortgage Warrant of Fitness:
- Your current interest rate versus what’s available in the market today
- Whether your fixed versus floating split is right for your situation
- Whether a revolving credit or offset account could reduce your interest cost
- Break fee calculation: whether it makes sense to exit your current term early
- Cashback clawback check: whether you’re still inside a clawback period and what that means for switching
- Lender comparison: whether another bank would give you a better deal overall, including cashback incentives
- Structure review: whether your loan is set up to support your next financial goal, not just the one you had when you first borrowed
Ashley is a qualified financial adviser.
The review you get is regulated advice, not a rate comparison table from a website.
WHO THIS IS FOR
This is for you if:
- You’ve been with the same bank for years and have never questioned your rate
- You’re coming off a fixed term soon and want to know whether to refix or refinance
- You accepted your bank’s automatic rollover offer without shopping around
- You got a cashback two or three years ago and aren’t sure if you’re still locked in
- Your income, equity, or goals have changed and your mortgage hasn’t kept up
- You feel like you’re probably overpaying but have no reference point to know by how much
- You want someone to run the numbers and tell you plainly what to do
The review takes very little of your time. If nothing needs changing, we tell you that. If something does, we explain what it is, what it would save, and whether the switch is worth it after fees.
How it works
A review that takes minutes. Savings that last years.
01
Book a free
15-minute assessment
Tell us who you’re with, roughly what you owe, and when your fixed term is up. That’s enough for us to start. We’ll ask for the rest in the conversation.
02
We
run the
numbers
We compare your current rate and structure against what’s available today. We calculate whether break fees make it worthwhile to move now, check your cashback clawback position, and identify whether there’s a genuinely better deal on the table.
03
We give you
a clear
recommendation
Not a list of options with no guidance. A clear view: stay, refix, or refinance, and why. If the answer is stay, we say that. If there’s money to be saved, we tell you exactly how much and what it takes to get there.
04
We handle
the switch
if it makes sense
As your mortgage broker, we manage the refinancing process on your behalf. You deal with one person, not three banks and a solicitor. We coordinate everything and make sure the switch doesn’t cost you the savings you’re chasing.
Based in Christchurch, proudly helping Kiwis become homeowners across New Zealand.
From Cape Reinga to Bluff
What Our Homeowners Have To Say
Frequently Asked Questions
What is the difference between refixing and refinancing?
Refixing means staying with your current lender and choosing a new fixed term when your existing one expires. Refinancing means moving to a new lender entirely. Refixing is quicker and simpler. Refinancing often produces a better outcome because you access new-customer rates and cashback offers your existing bank won’t volunteer. We look at both options and tell you which makes more sense for your numbers.
I got a cashback when I last refinanced. Does that mean I’m stuck?
Not necessarily. Most cashback offers come with a two to three year clawback period, meaning you’d repay the cashback if you leave before that window closes. But even inside a clawback period, the maths sometimes still favour switching if the rate saving is large enough. We calculate this for you before you make any decisions. You may have more flexibility than you think.
How do I know if my break fee is worth paying?
Break fees on fixed-rate mortgages in New Zealand are calculated using a wholesale interest rate differential formula and can range from a few hundred dollars to tens of thousands, depending on how much rates have moved and how long is left on your term. Banks are not required to quote break fees upfront. We request the calculation on your behalf and run it against any rate saving to give you a clear net position.
Do mortgage brokers get better rates than I can get myself?
Often yes. Brokers negotiate with multiple lenders daily and see rate specials and cashback offers before they reach the public. We also know which lenders are competing most aggressively for new business at any given time. Across a 20 to 30 year mortgage, those advantages compound into material savings. Our service costs you nothing: lenders pay our commission when your loan settles.
How often should I review my mortgage?
At minimum, every time you come off a fixed term. That’s your moment of maximum leverage with both your existing lender and any other. Beyond that, any significant life change, income growth, new property, renovation plans, or change to self-employment, is a good reason to check whether your current structure still fits. We recommend treating it like a WOF: something you do on a schedule, not just when something feels wrong.
Our Financial Services
Your mortgage success is just the beginning.
As your financial advisers, we’re here for every lending decision you’ll face.
First-Home Buyer Coaching
Stop feeling lost in the process. We’ll transform your confusion into confidence with clear guidance from pre-approval through to settlement day. Together we’ll check your KiwiSaver eligibility, structure your deposit mix, and map out every step so you walk into open homes knowing exactly what you can afford and how to win.
You’ll go from “Is this even possible?” to “Here are my keys” with someone genuinely fighting for your success every step of the way.
Investment Property Lending Support
We help structure lending for property purchases beyond your first home. This includes understanding borrowing capacity, equity use, deposit structures, and how different loan setups can impact cash flow and future flexibility.
Our role is to support the lending side of your investment journey, so your finance is set up correctly and sustainably from day one.
Mortgage Warrant of Fitness
Think of it as an annual health check, but for your finances. Just like you’d service your car to keep it running smoothly, your mortgage needs regular attention to make sure it’s still the best fit for you.
A quick review can uncover savings or smarter strategies you might otherwise miss. It’s about keeping your mortgage in top condition, so you can focus on building your future, not stressing over repayments.
Asset Loans
From cars and boats to caravans, motorcycles, and work vehicles, asset finance helps you enjoy the things that make life easier and more rewarding. We’ll help you secure tailored lending with flexible terms, fair rates, and a smooth approval process that fits your lifestyle or business needs. So whether it’s hitting the road, the water, or the next job site, you can move forward with confidence knowing your finance is working for you.
Self-Employment Lending
Traditional banks often struggle to understand self-employed income, making it harder for business owners, contractors, and freelancers to secure finance. We partner with lenders who specialise in self-employed clients, helping present your income in the best light and structuring solutions that reflect the reality of running a business, so your hard work opens doors to homeownership, not roadblocks.
Construction & Business Loans
From building your dream home to tackling major renovations or fueling your business growth, the right loan structure makes all the difference. We help you secure tailored finance solutions that provide the flexibility, staged funding, and competitive rates you need. So whether it’s a new build, an upgrade, or expanding your business, you’ve got the support to bring your plans to life.
Refinancing & Top-Ups
Whether you’re looking to secure a better rate, reduce repayments, or unlock equity for renovations, investments, or life’s big opportunities, refinancing and top-ups can give you more flexibility and control. We’ll review your current loan, compare options across lenders, and structure a solution that supports your goals. So your mortgage works harder for you, not the other way around.
Ready to Turn your Dream into Reality?
Stop wondering “what if” and start planning “when.”
Get the straight answers you need to move forward with confidence.
Book Your Complimentary 15-Minute Assessment.
Find out what you can actually borrow.
No paperwork, no pressure, just clarity.