Midlands funds invest in a quality diversified portfolio of floating rate loans secured by first ranking mortgages over residential, commercial and rural land and buildings throughout New Zealand. Our annualised pre-tax distribution paid to investors for the quarter ended 30th June 2023 was 6.30%.
last updated on 2023-09-05 15:46:10
Our investment strategy is deliberately conservative. This approach is designed to weather market volatility and focus on capital protection while at the same time providing consistent and reliable rates of return with low risk.
The Midlands Income Fund has a Risk Indicator of 1 (low)*.
Our experienced team of professionals ensure that your investment is carefully, responsibly and expertly managed. This diligence is reflected in our consistent returns and low default rate. Many of our directors, shareholders and staff are invested alongside you in our funds.
* A risk indicator of 1 does not indicate a risk-free investment.
Rate
8.6% (Floating)
Mortgage purpose
Building, Buying Next Home, First Time Buyer, Investor
Payment frequency
Fortnightly, monthly, weekly
Maximum LVR
80%
Rate
8.7% (Floating)
Mortgage purpose
Building, Buying Next Home, First Time Buyer, Investor
Payment frequency
Fortnightly, monthly, weekly
Maximum LVR
80%
Rate
8.85% (Floating)
Mortgage purpose
Building, Buying Next Home, First Time Buyer, Investor
Payment frequency
Fortnightly, monthly, weekly
Maximum LVR
80%
| Fixed Rate | |
| Fixed rate period | |
| Floating rate | 8.7% |
| Maximum borrowing amount | No data |
| Min borrowing period | 12 months |
| Max borrowing period | 360 months |
| Payment frequency | weekly, monthly, fortnightly |
| Establishment fee | FREE |
| Default penalty interest rate | +5% |
| Сashback | |
| Early repayment/part prepayment fee | No data |
| Standard LVR | 80% |
| Max LVR | 80% |
| Requirements |
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| Mortgage purpose |
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