Best Mortgage Lawyers in New Zealand

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Free Guide to Hiring a Real Estate Lawyer

Or refine your search by selecting a city:

Atticus Legal
Hamilton, New Zealand

Founded in 2000
50 people in their team
Māori
English
Let’s speak plainly …Like you, we value honesty and fair dealing, so let’s speak plainly……If we don’t have the skills required for your particular matter, we won’t pretend we do and then bill you for time spent learning how. In that case, we will recommend a lawyer who we believe is...
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 skilled...
Morrison Kent
Wellington, 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...
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...
Godfreys Law
Christchurch, New Zealand

Founded in 1870
50 people in their team
Māori
English
We’ve proudly been helping Cantabrians like you for almost 150 years.Our aim is to make your life easier.We’re real people, providing real legal solutions.You might have seen our building as you drive down Moorhouse Ave, opposite the Ara Polytech buildings. Just off Washington Way, you will...
O'Sheas Law
Hamilton, New Zealand

Founded in 1908
50 people in their team
Māori
English
About usO’Sheas Law is a modern and energetic practice bringing together a team of respected legal practitioners who have provided legal expertise and practical advice to Hamilton and the greater Waikato region for many years.The firm has a wealth of local knowledge and strong relationships...
Wakefields Lawyers
Wellington, New Zealand

Founded in 1999
50 people in their team
Māori
English
Wakefields Lawyers is now an over 25 person strong team, thriving in five locations - Wellington, Paraparaumu, Otaki, Levin, and Foxton. This makes our highly experienced team tremendously flexible with where we’re able to meet our clients, bringing quality legal advice to your local...
CN Law
Tauranga, New Zealand

Founded in 2017
10 people in their team
Māori
English
CN Law is located in Tauranga CBD.  David Calderwood and Jodi Nicols established CN Law in 2017 with a vision is to grow a successful firm known for its people and its performance. ​Whether you need assistance in the buying or selling of your home, or legal representation in the Family...
Khandallah Law
Wellington, New Zealand

Founded in 2000
10 people in their team
Māori
English
Joanne Cheer is the sole practitioner in Khandallah Law, a boutique law practice located in the heart of Khandallah.Areas of practice:Non-litigation:Residential Conveyancing (buying and selling property)Refinancing mortgagesRetirement Villages - Occupation LicencesWillsEnduring Powers of...
Gurnell Harrison Stanley Law
Hamilton, New Zealand

Founded in 2000
50 people in their team
Māori
English
Personal. Straight Up. Affordable. Gurnell Harrison Stanley provides legal advice to a wide range of business, rural, not-for-profit, trust and individual clients throughout New Zealand.  Based in Hamilton, our firm specialises in business and property law. We bring extensive...
AS SEEN ON

About Mortgage Law in New Zealand:

Mortgage law in New Zealand governs the legal relationship between a borrower and a lender when it comes to property loans. A mortgage is a legal agreement where the borrower uses the property as collateral to secure a loan. If the borrower fails to repay the loan, the lender can take possession of the property through a process called foreclosure.

Why You May Need a Lawyer:

You may need a lawyer for mortgage-related issues such as drafting or reviewing mortgage contracts, negotiating with lenders, dealing with foreclosure proceedings, or understanding your rights and obligations as a borrower. A lawyer can provide legal advice and representation to protect your interests in mortgage transactions.

Local Laws Overview:

In New Zealand, mortgages are governed by the Property Law Act 2007 and the Credit Contracts and Consumer Finance Act 2003. These laws set out the rights and responsibilities of borrowers and lenders, as well as the procedures for foreclosure and repossession. It is important to understand these laws to ensure compliance and protect your interests in mortgage transactions.

Frequently Asked Questions:

1. What is a mortgage agreement?

A mortgage agreement is a legal contract between a borrower and a lender that allows the borrower to use the property as collateral for a loan. If the borrower fails to repay the loan, the lender can take possession of the property.

2. What are the rights and responsibilities of borrowers and lenders in a mortgage agreement?

Borrowers have the right to use the property as collateral for a loan, while lenders have the right to foreclose on the property if the borrower fails to repay the loan. Borrowers are responsible for making timely loan payments, while lenders are responsible for following legal procedures for foreclosure.

3. What is foreclosure?

Foreclosure is a legal process where the lender takes possession of the property due to the borrower's failure to repay the loan. The property is then sold to recover the outstanding debt.

4. Can a lender repossess the property without following legal procedures?

No, lenders must follow legal procedures for foreclosure and repossession as set out in the Property Law Act 2007. Failure to do so can result in legal consequences for the lender.

5. Can a borrower renegotiate the terms of the mortgage agreement?

Yes, borrowers can negotiate with lenders to modify the terms of the mortgage agreement, such as interest rates, repayment schedules, or loan amounts. It is advisable to seek legal advice when renegotiating mortgage terms.

6. What are the implications of defaulting on a mortgage?

Defaulting on a mortgage can result in foreclosure, repossession of the property, and damage to the borrower's credit rating. It is essential to seek legal advice if you are at risk of defaulting on your mortgage.

7. Are there options to avoid foreclosure?

Yes, there are options to avoid foreclosure, such as loan modification, repayment plans, refinancing, or selling the property. It is advisable to seek legal advice to explore these options and protect your interests.

8. What are the legal rights of tenants in a foreclosed property?

Tenants have legal rights in a foreclosed property, such as the right to remain in the property until the end of the tenancy agreement or receive notice to vacate. It is important for tenants to seek legal advice to understand their rights in a foreclosure situation.

9. Can a borrower transfer a mortgage to another person?

Yes, a borrower can transfer a mortgage to another person through a process called assignment. However, the lender must approve the transfer, and the new borrower must meet the lender's eligibility criteria.

10. When should I seek legal advice for a mortgage-related issue?

You should seek legal advice for a mortgage-related issue if you are facing foreclosure, renegotiating mortgage terms, dealing with a lender dispute, or need legal representation in a mortgage transaction. A lawyer can provide guidance and protect your interests in mortgage matters.

Additional Resources:

For more information on mortgage law in New Zealand, you can visit the New Zealand Law Society website or contact the Financial Markets Authority for regulatory guidance on mortgage transactions.

Next Steps:

If you need legal assistance for a mortgage-related issue in New Zealand, it is advisable to consult with a qualified lawyer who specializes in property law. You can research and contact local law firms to schedule a consultation and discuss your specific needs and concerns. A lawyer can provide legal advice, representation, and guidance to protect your interests in mortgage transactions.

Lawzana helps you find the best lawyers and law firms in New Zealand 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 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.