Making a difference with loans B Y S A R A H N O T TA G E | P H O T O G R A P H Y S T E V E H U S S E Y
ecuring a home, business or rural loan is one of the biggest financial decisions you will ever make, and finding the best possible funding and pricing structures can be stressful and time-consuming. The past few years have seen significant changes to the banking industry and lending in New Zealand, especially around regulatory requirements and compliance, making the process more complex. The influx of private and online lenders now competing with traditional financial institutions for customers has created a highly competitive market, and can cause confusion among borrowers. The sheer quantity of online information available on current mortgage rates, loan terms and qualification requirements has become overwhelming. And who has the time or energy to work out the best deal? Tony Alexander, chief economist at the BNZ for 25 years, who has published more commentary about the New Zealand economy than any other economist, gave the solution to prospective mortgagees in his January 2020 newsletter; “It’s worth using a broker to get the best deal. Broker 62
use is far higher in Australia than New Zealand, but we will probably catch up.” Prospective and current lenders should use the knowledge and expertise of a licensed broker. Gavin Frampton, loan adviser at Myloan, has been in the banking industry for 22 years in New Zealand, and brings extensive financial experience to the role. He has worked in the retail space with personal clients, lead branch teams as a branch manager, and for the past 10 years has been helping small to medium enterprises (SME) grow and develop across the region. Gavin says, “I have worked with clients across the Top of the South and the West Coast, which has given me an excellent understanding of seasonal flows and location-specific issues.” Myloan is powered by and 100% owned by national award-winning Malloch McClean Tasman, Chartered Accountants and Business Advisors. Malloch McClean
have been providing top-quality business and financial advisory services in New Zealand since 1933. As well as accounting services, Malloch McClean help people run smarter, better businesses, by providing business planning, coaching, advisory services and mentorship. Their ethos is ensuring that their clients achieve financial freedom, giving them the time and mind space to enjoy life. Gavin joined Malloch McClean as a business development manager and is ready to expand his responsibilities to include his role as loan adviser. It is obvious that the team at Malloch McClean take the time to get to know and listen to their clients. Myloan was established when Malloch McClean (including Gavin Frampton) identified that many of their clients don’t have the time or the knowledge to navigate the loan process, and need expert help.
Gavin Frampton, loan adviser at Myloan, has been in the banking industry for 22 years in New Zealand, and brings extensive financial experience to the role.