Wongeoon Vast Ltd has been registered as a Financial Advice Provider (FSP1001542) in September 2021 and holding full license since October 2021. We service our clients all over New Zealand to get residential mortgages, personal and commercial borrowing.

We work to secure the borrowing from the major banks that have branches nationwide and also banks that have only one branch in Auckland.

In most cases the banks pay commission to us, there is no fee for you to pay us while we put every effort to get the best interest rates and maximum cash payments from the banks to you to cover fully or partially your purchase legal costs. Often we can get an interest rate lower than what is published on the lender bank’s website.

In some cases when the major banks don’t approve your mortgage applications, we may go to some banks that don’t pay commission to us and accept mortgage applications from us on your behalf. When we secure a mortgage for you there will be a fee for you to pay to us depending on your borrowing amount and how straight forward your financial circumstances are, the fee will be disclosed to you beforehand.

We may also secure mortgages for you from non-bank lenders.

To make any borrowing a change for better in your lives is one of the core principles we hold in this business. If we think your borrowing is too risky and may put you in financial strain, we will definitely make our points clear to you and may suggest some changes in your purchase plans. It’s still for you to do due diligence and make decision on the borrowing.

 

Complaint procedures

We aim to work within the The Financial Markets Authority (FMA) framework. If you think any of our work is not ethical or breaches FMA regulations, please firstly contact us. If we don’t give you satisfactory result, you can make a formal complaint to Insurance & Financial Services Ombudsman Scheme (IFSO) through this link, there is no fee for you to pay to make a complaint since we are a member of IFSO. Our IFSO membership number is 5006597.