Introducing the Midlands Smarter PIE Fund. Same proven investment, now with possible tax benefits. 
To find out more, call us today 0800 870 326 or pop in and see us any time. No appointment necessary.

Facebook Linkedin

FAQ’s

Investing

Always seek professional advice before investing. You need to read the Fund’s Product Disclosure Statement and then complete an application form. The Product Disclosure Statement and other important information can be found by searching the Disclose Register for Midlands Mortgage Mortgage Trust Group Investment Fund OFR 11409. You can also contact the manager on 0800 870 326 or email us.

Further information and regular updates on Fund performance are available in our latest newsletter and on this website, or to view the Fund’s latest offer update on the Disclose Register as referred to above.

A minimum of $10,000 is required for the initial investment. After that, regular contributions or additional one-off contributions can be made from as little as $1,000.

Subject to the Manager’s right to suspend, withdrawals are required to be paid out within 90 business days of receipt of a withdrawal notice but the Manager usually processes withdrawals within one week. 

Yes, a part of the Fund’s income is allocated to a reserve fund that helps meet possible losses on individual loans. This does not have a material effect on income distribution.

Term Loans

Anyone wanting money for residential, rural or commercial property where security is provided by a first mortgage over that property.

This is based on individual circumstances, however you can generally borrow an amount sufficient for the interest to be between 20% and 30% of your income.  A valuation of your property will be required to determine the limit to which a loan can be granted.

Lending guidelines limit borrowing amounts against property values, as follows:

  • Owner occupied home loans 75% LVR
  • Farms 60% LVR (except for dairy farms at 66.67%)
  • Commercial property 66.7% LVR
  • Bare land and approved leasehold securities 50% LVR

This is based on individual circumstances, however you can generally borrow an amount sufficient for the interest to be between 20% and 30% of your income.  A valuation of your property will be required to determine the limit to which a loan can be granted.

Lending guidelines limit borrowing amounts against property values, as follows:

  • Owner occupied home loans 75%
  • Farms 60% (except for dairy farms at 66.67%)
  • Commercial property 66.7%
  • Bare land and approved leasehold securities 50%

Your monthly repayments are based on the terms of your loan.

Yes. The terms of your loan state how you can make part or full repayments.

A typical fee of between 1.00% and 1.50% of the loan amount with a minimum of $1,450 of the sum borrowed is payable to Midlands Mortgage Trust on acceptance of any offer from the Fund.  There are also legal fees incurred by the Fund for putting your mortgage in place and you will have your own lawyer’s legal fees to pay. View full Fees info here.

Our interest rates are floating and dependent on our assessment of current market conditions.

A sample of documentation for consumer credit loans can be viewed here.

We recommend you take independent advice from a trusted lawyer or financial adviser.

 
 

Disclaimer: Midlands Funds Management Limited, the Issuer, is licensed under the Financial Markets Conduct Act 2013 as a manager of registered schemes and is not a registered bank. The information, calculations and any opinions on this website are based upon sources believed to be reliable, but Midlands Funds Management Limited, its officers and directors make no representations as to their accuracy or completeness. Financial advice should be taken before making an investment. Past performance is not a reliable indicator of future performance. For a copy of our Product Disclosure Statement click here or contact us on 0800 870 326.

Leave us your details to receive quarterly
updates & our newsletters.

Leave us your details to receive quarterly updates & our newsletters.

CONTACT US

General Enquiries: 0800 870 326
Investment Team: 06 870 3260
Loans Team: 06 974 6655
investments@mmt.net.nz
1/111 Karamu Road North
PO Box 609
Hastings, New Zealand

Facebook-f Linkedin

SERVICES

INFORMATION

Copyright © 2022 Midlands Funds Management Limited