How do I invest?

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 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.

How much do I have to invest?

A minimum of $500 is required for the initial investment. After that, regular contributions from as little as $100 or additional one-off contributions.

How do I withdraw my investment?

Withdrawals are required to be paid out within 90 days of receipt of notification of requirements by the manager of the Fund but the manager usually processes withdrawals twice weekly following receipt of notification. The manager’s current policy is not to charge withdrawal fees but the Trust Deed allows for such fees during the first 2 years of your investment with a fee of 2% of the amount withdrawn for an investment of less than 12 months and a fee of 1% of the amount withdrawn for an investment of between 12 and 24 months.

Is there a Reserve Fund?

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.

Maturity Loans

Who can apply?

Any homeowner aged 68+ years with a mortgage-free home worth $200,000 or more.

How much can I borrow?

Up to 20% of the value of your home to a maximum of $100,000.  This can be drawn in full or by instalments of $10,000 increments.

What monthly repayments do I have to make?

None – regular principal or interest repayments are not required.  Interest is capitalised and you only pay Midlands Mortgage Trust when the total loan is repaid.

What if I want to make repayments?

Repayments can be made at your discretion in multiples of $1,000 at any time.

When & how do I repay the loan?

The loan is usually repaid from the proceeds of the house when it is sold.  Midlands Mortgage Trust would require the house to be sold when the last spouse living in the house moves out or in the event that the loan reaches 75% of the value of the house.

What are the fees?

There is an application fee payable to cover lending costs for all approved loans.  There are also lawyer’s legal fees for the mortgage which you will incur.

What is the interest rate?

Interest on the loan is charged at Midlands Mortgage Trust’s residential rate of lending plus 1.0%.

Where can I get further advice?

We suggest you talk to family members in the first instance so they are fully aware of the situation and the decisions you are making.  It can save confusion and disappointment. We strongly recommend you take independent advice from a trusted lawyer or financial adviser.

Term Loans

Who can apply?

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

How much can I borrow?

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%

What monthly repayments do I have to make?

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

Can I make additional repayments over and above the minimum requirements?

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

What are the fees?

A fee of between 1.25% 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.

What is the interest rate?

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

Are consumer credit loans offered?

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

Where can I get further advice?

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

Get your free info pack

To learn more about investing with Midlands Mortgage Trust enter your details below.

This info pack contains everything you need to know about the Fund to help you make an informed decision.


In light of the COVID-19 Levels imposed across New Zealand all Midlands staff, where possible, are now working from home.

Please note that our Hastings office will be closed to the public from this date forward.

We continue to operate essential functions of the fund, which includes settling of mortgage loans and distributions of income to investors. However, some other functions will naturally be delayed. We appreciate your understanding at this time. Please call 0800 870 326 should you have any queries.

Be safe, and please look after yourself and each other.

Tobias Taylor, CEO