Best Mortgage Lawyers in Auckland

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Morrison Kent

Morrison Kent

Auckland, New Zealand

Founded in 2000
200 people in their team
Māori
English
AboutAt Morrison Kent we have a true commitment to quality service and we have the talent to achieve outstanding results. Our client relationships are built on value and trust and we ensure we have the expertise to deliver what you need.Our CommitmentMorrison Kent is committed to building...
Parshotam Lawyers

Parshotam Lawyers

Auckland, New Zealand

Founded in 2000
50 people in their team
Māori
English
About UsParshotam Lawyers, established over 35 years ago, has always had one simple goal; to provide clients across New Zealand with cost-effective legal solutions.Located in the heart of Mt Roskill, the dynamic team at Parshotam Lawyers are client-focused and have extensive experience in a wide...
Turner Hopkins

Turner Hopkins

Auckland, New Zealand

Founded in 1923
50 people in their team
Māori
English
Welcome to Turner HopkinsBARRISTERS, SOLICITORS & NOTARY PUBLICTurner Hopkins is a well-respected and trusted multi-service law firm located on the North Shore in Auckland. We first opened our doors in 1923, and with almost 100 years of experience, we pride ourselves on being able to provide a...
DG Law Limited

DG Law Limited

Auckland, New Zealand

Founded in 1984
50 people in their team
Māori
English
HistoryDavid Graham began practice on his own account in Panmure in 1984 as David Graham Law Office.In February 1998 the firm had grown significantly, so David and the team relocated to 13 Queens Road, Panmure (the old Westpac building).The growth of the firm continued and in January 2004 David was...
Snedden Law

Snedden Law

Auckland, New Zealand

Founded in 1931
50 people in their team
Māori
English
History, service and advice.Located in the heart of Auckland City Snedden and Associates provides a modern legal service with traditional values. Established in 1931, Snedden and Associates remains a family firm. The founding purpose was to provide quality affordable legal advice to individuals,...
Dentons Kensington Swan

Dentons Kensington Swan

Auckland, New Zealand

Founded in 2013
50 people in their team
Māori
English
About Dentons Kensington SwanDentons Kensington Swan is one of New Zealand’s leading commercial law firms with offices in Auckland and Wellington. Our teams collaborate to provide complete legal solutions that are tailored to each client. We are committed to providing a responsive, professional...
Brookfields Lawyers

Brookfields Lawyers

Auckland, New Zealand

Founded in 2000
50 people in their team
Māori
English
Built on a foundation of experience, knowledge and results, our 160-year longevity is down to our ability to continually innovate, challenge ideas, and look outside the boundaries of traditional thinking.OUR TEAMWe’ve constructed a team with a depth of individual expertise, to create a collective...
Davenports Law

Davenports Law

Auckland, New Zealand

Founded in 1920
50 people in their team
Māori
English
Our skilled team are dedicated to providing professional, crafted legal advice, for peace of mind.Every client is unique. We focus on individual needs, providing innovative and practical business-minded solutions presented in a down to earth, common-sense manner. Our unwavering goal is your...
Convey Law

Convey Law

Auckland, New Zealand

Founded in 2000
10 people in their team
Māori
English
We Are Expert Property / Real Estate Lawyers.Convey Law – Online Property LawyersConvey Law is the online conveyancing division of LAW.NZ Lawyers. Our main office is located at Takapuna, North Shore, Auckland. As dedicated experienced Property / Real Estate Lawyers we are highly trained and...
Asco Legal

Asco Legal

Auckland, New Zealand

Founded in 2000
50 people in their team
Māori
English
A Fresh Approach to Legal ServicesAt ASCO Legal we have a fresh perspective on the practice of law, a client-centered one. We understand that serving the legal needs our clients have entrusted to us, is our core purpose.​​We've got the tools and we listen to what our clients need. We give...
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About Mortgage Law in Auckland, New Zealand

Mortgage law in Auckland, New Zealand, is primarily governed by the Property Law Act 2007 and Credit Contracts and Consumer Finance Act 2003. These laws protect both the borrower and the lender, stipulating terms of loan agreements, regulating penalties for default, and dictating the processes for foreclosure and repossession. Understanding these laws is essential when acquiring a mortgage to ensure your rights are protected and obligations clearly outlined.

Why You May Need a Lawyer

Engaging a lawyer can be beneficial in numerous situations when relating to mortgages. A lawyer can assist in explaining the terms of a mortgage contract, liability details, and consequences of defaulting on payments. If you face difficulty in meeting your mortgage obligations, a lawyer can guide you on legal options to avoid foreclosure. A lawyer can also help in negotiating mortgage terms with banks and lenders, providing legal advice on loan refinancing or restructuring, and representing you in court if a dispute with your lender arises.

Local Laws Overview

The Property Law Act 2007 outlines your rights as a mortgagor, including how a mortgage can lawfully be discharged and the protections against unlawful repossessions. The Credit Contracts and Consumer Finance Act 2003 mandates all the information that the lender must disclose to the borrower, including the annual interest rate, fees, and the right to cancel the contract. Furthermore, the Act regulates how a lender can rearrange a loan if the borrower is facing financial hardship. Understanding these laws enables you to ensure your rights are upheld and you are treated fairly by your lender.

Frequently Asked Questions

What happens if I default on my mortgage payments?

Under the Property Law Act, if you default on your payments, your lender can take legal action to repossess your property. However, before resorting to repossession, most lenders will attempt to rearrange the loan or its terms to help the borrower.

Can I cancel or change my mortgage contract?

Yes, you can cancel or change your mortgage contract under certain conditions. The Credit Contracts and Consumer Finance Act has special provisions that allow borrowers to cancel the contract or change the repayment terms during a specific cooling-off period. However, professional advice from a lawyer is recommended before making such decisions.

Do I need a lawyer to get a mortgage?

As a borrower, you are not legally required to retain a lawyer when getting a mortgage. However, doing so can help you better understand the terms of the agreement, your rights, obligations, and the implications of non-compliance.

Can a lender change the interest rate on my mortgage without notification?

No, under New Zealand law, the lender is obligated to inform the borrower of any changes to the interest rate or other significant loan conditions before implementing them.

What can I do if I believe my lender is dealing unfairly?

If you believe your lender is dealing unfairly or discriminating, you can lodge a complaint with the Banking Ombudsman or take legal action. Consult a lawyer to examine your circumstances and provide appropriate advice.

Additional Resources

You may find valuable information and support from the Financial Services Complaints Ltd, Commerce Commission New Zealand, and the New Zealand Banking Ombudsman. These organisations provide resources related to consumer rights, property and credit transactions, and dispute resolution.

Next Steps

If you find yourself in need of legal advice related to mortgage matters in Auckland, consider talking to a real estate lawyer or a law firm specializing in property and financial law. They can review your unique circumstances, clarify your rights and obligations, and assist in making informed decisions. If required, they can also represent you in any negotiations with your lender or in court.

Lawzana helps you find the best lawyers and law firms in Auckland through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Mortgage, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Auckland, New Zealand—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.