Client declaration and acknowledgements for Mortgage Application
Part 1: Client declaration regarding the advice provider:
I/We:
- Acknowledge and accept that we do not charge a fee for my/our Adviser preparing written recommendations and obtaining a lender approval of finance that meet my/our specified needs.
- Understand that if we do not disclose all information and/ or if new information comes to light that affects my/our ability to borrow that a loan offer may subsequently be withdrawn or declined due to non-disclosure. I/We will still be obligated to pay the fee for arranging the loan.
- Understand that if, following the successful drawdown of the loan facilities with the lender selected by us, we repay any part of the loan in full within the first 28 months, I/we agree to pay Link Financial Group 2022 Ltd or the Adviser Business for the disclosed amount.
- Have read the disclosure information provided by the adviser and agree that the adviser remuneration and fees have been explained to me/us.
- Confirm the deposit, if applicable, has been made by lawful means.
- Agree to receive promotional electronic messages as deemed appropriate from the Adviser and the Lender/s.
- Acknowledge that the information in all the documents attached to this declaration is an accurate summary of my/our personal and financial situation at this point in time.
- If I/We have indicated on the Fact Find that a referral to a third party is required for additional advice, I/we authorize the adviser to provide my/our contact details and relevant information to such parties.
- Acknowledge that as a part of ensuring the Adviser maintains industry best practice standards, the Adviser’s records, and procedures, including my/our files will be subject to a regular compliance review performed by external reviewers and/or the Regulator.
- Understand that the Adviser does not act on behalf of the Lender and/or the Home Loan Parties, nor is the Adviser an employee, agent, partner, or joint venture partner of the Lender and/or the Home Loan Parties”.
Part 2: Client declaration regarding Privacy Act Acknowledgement:
I/We are aware:
- The name and address of the Adviser firm that will hold the information is: (Jassi Gill, 562 Great South Road, Papatoetoe)
- The Privacy Act 2020 gives the right to request access to and correction of personal information. This information provided by me/us and/ or any authorized agent, may be used by the Adviser and all authorized staff for the purpose of providing advice and may also be used by any:
- product provider representatives/ Lenders or Third Parties when evaluating, implementing, or maintaining any of the recommendations or variations thereof.
- compliance advisers and/or regulators who may need access to such information; and
- other professionals such as solicitors, accountants, finance brokers, financial planners when such services are required to complement this advice and as per request.
- My/our information will also be held by any Product Provider approached by the Adviser while arranging the loan. I/We understand that I/we are not required by law to provide personal information to the Adviser, but that failure to do so will result in the Adviser being unable to obtain finance on my behalf.
- I/we have a right to request access to and the correction of any personal information held by the Adviser or by the Lender
- That the personal information collected in this form and during my dealings with the Adviser is collected initially for the purposes of assessing my application for mortgage finance/ lending and may be given to several Lenders at the Adviser’s discretion. This information will be available for the Lenders to perform their lending assessments as needed.
- The Adviser will take all reasonable steps to save, guard and store my personal information, using a reputable CRM, workflow or document management system.
- Understand that there may be regulatory requirements to the format in which certain documents need to be provided e.g., Verified ID’s and address before the application is assessed.
- If my application is successful, I understand that the information will be used by the Lender and any authorized Third Parties for the purpose of implementing and administering the loan. The Lender may disclose information to the Adviser and/or any bona fide representative of the Adviser for administering any ongoing commission payments to the Adviser. If the Adviser has an arrangement with the Lender that the Lender will pay ongoing commission over the term of my loan, the Lender will periodically disclose the loan balance to the Adviser. I understand that the Adviser and Lender might also use my personal information for the purposes of market research and from time to time notify me of products or services that may be of interest to me.
- Acknowledge that I/We will have the right to unsubscribe from any electronic marketing.
- That the Lender will, from time to time, make the information available to the Lender’s mortgage insurer (if any), any person whom the Lender proposes to enter contractual arrangement, any security trustee and any assignee or potential assignee of the Lenders rights (the “Recipients”).
- Understand that our Financial Advice Provider is required to keep our information for a minimum of seven (7) years after our engagement has been completed.
Part 3: Client declaration regarding authorisation:
I/We authorise:
- The Adviser, the Lender, and the Recipients to collect personal information about me/us from third parties including, but not restricted to, credit reporting agencies, banks, and employers, and for those third parties to disclose information to the Adviser, the Lender and the Recipients. Further that The Adviser, the Lender, and the Recipients may share/ disclose information with those third parties e.g., those assisting the lender, previous /current employers, authorities, guarantor etc.
- The Lender to disclose my personal information to the Adviser during the term of the loan to answer my queries or assist me with my financial arrangements as my circumstances change.
- The Adviser, the Lender, and the Recipients disclose my personal information to credit reporting agencies and to any third party making an authorized enquiry about me.
- The credit reporting agencies of the Adviser, the Lender, and the Recipients to hold my personal information on the systems and to use my personal information to provide their credit reporting services.
- The credit reporting agencies of the Adviser, the Lender, and the Recipients to provide my personal information to customers using their credit reporting services.
- The Adviser, the Lender, and the Recipients to use the services of their credit reporting agencies in future for the purposes related to the provision of the loan and/or any other credit to me. The authorization shall include the use of any monitoring services to receive updates about me if any of the personal information held about me changes.
- The Adviser, the Lender, and the Recipients to give information to credit reporting agencies about my default in any payment obligations to the Lender or Adviser and to provide information about my default in any payment obligation to other customers of the credit reporting agencies.
Part 4: Client declaration and acknowledgement
I/We confirm:
- That the information contained in this application is true and correct
- I/We will meet legal and valuation costs.
- I/We confirm that we will inform both the Adviser and the Lender if there are any changes in circumstance or information, including but not limited to our financial position e.g., Hardship applications, Change of income or Vulnerabilities.
- That where the Adviser has assisted me/us to complete this application form, that I/we have authorized this and that the information contained in this application is true and correct.
- I/We are at least 18 years of age.
- I/We hold New Zealand permanent residency or citizenship.
- I/We have not withheld any information that would be of concern or interest to a Lender.
- I/We have not been declared bankrupt, are not currently an undischarged bankrupt, and have not been admitted to the no asset procedure, nor are liable under any proceedings under the Insolvency Act and its amendments.
- I/We have not had any judgements entered against me/us.
Please select the applicable option:
| I am/ We will be registered for GST, but the security property is not/will not be used for the purpose of a taxable activity. | |
| I am/We will be registered for GST and the security property is/will be used for the purposes of a taxable activity. | |
| I am/ We are not registered for GST and will not be with respect to the security property. |
……………/……………/… ………. Date
| ……………………………………………………………………. | ……………………………………………………………………. |
| (Full legal name) | (Full legal name) |
| ……………………………………………………………………. | ……………………………………………………………………. |
| (Signature) | (Signature) |