MONEY MATCH MAKING SERVICE

At Verus Finance, we understand that the level of investment in the finance industry has reduced substantially over the past 3 years due to the collapse of several finance companies throughout New Zealand.

We also have come to the reality that although some of these collapses were due to poor decision making and management with the finance company itself, the people who had money invested with these companies were extremely happy with the return they were getting prior to any problems the finance ran into.

For this reason we have launched our "Money Match Making" service which aims to link up clients who require funds with individuals who have funds to lend out.

We call this "Direct Mortgage Lending".

This service allows us to introduce potential borrowers with potential private lenders who in turn can negotiate an interest rate that may return them more than having their money sitting in a bank.

We have a straight forward process as follows:

We will meet with any Potential borrower and complete the application form and obtain supporting documents from them relating to identity, security, affordability and stability.

We then do the appropriate checks to verify the information received is correct.

We forward all of the information to the Potential Private Lender to assess and make a decision on whether or not they wish to proceed with any lending to this Potential Borrower.

If they approve any lending, a letter of offer is put in front of the client to accept or decline.

If accepted, the Potential Private Lender's lawyer will draw up the loan and security agreements and forward them to the PB's lawyer for execution.

The mortgage is registered in the Potential Private Lender's sole name and instalments paid directly into their nominated account by way of Automatic Payment from the Potential Borrower's bank at an amount and for the length of time as set out in the loan contracts.

WE DO NOT GET INVOLVED IN THE APPROVAL OF ANY LOANS AND HAVE NO INFLUENCE OVER ANY POTENTIAL PRIVATE LENDERS DECISIONS TO APPROVE OR DECLINE ANY APPLICATIONS.

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