Find an application form at the end of our Product Disclosure Statement (PDS). Download it from the website or contact us directly. Completed application forms should be sen to:
Norfolk Mortgage Management Limited
PO Box 37341
or emailed to email@example.com.
Payment can be made by electronic banking or cheque.
Please note that your first application for investment with Norfolk Mortgage Management Limited will require proof of identity, along with your IRD number and Prescribed Investor Rate (PIR).
Yes, the minimum investment amount is $5,000.
Norfolk pays monthly distributions to investors. When completing an application form, you can choose between having these distributions direct credited to your bank account or reinvesting them and thereby compounding your interest.
These documents can be found in under ‘Fund Documents’ and ‘Fund Updates’, linked at the bottom of every page. Alternatively, email firstname.lastname@example.org and we will send the documents to you. You can also find them at www.business.govt.nz/disclose, search ‘Norfolk Mortgage Management Limited’.
To increase your investment, complete a Notice of Subsequent Deposit, return it to us and deposit the money into the Norfolk Mortgage Trust bank account. Download this form from our website under ‘Application Forms’ or contact us for a copy. You can increase your investment as often as you like.
Please email or write to use to update any details for your account.
Please email us or write to us to update any details for your account.
We require six months’ notice of redemption of investment. However, the directors will consider a waiver of the notice period on a case-by-case basis. To redeem part or all of your investment, send us a deposit slip and completed ‘Redemption Form’, signed by all parties on the account, via post or email. Find the form on our website, under ‘Application Forms’, or contact us for a copy.
As a PIE fund, we will pay your tax directly to the IRD. Every year in May we will send you an investor statement with a summary of the distribution and tax paid on your behalf.
Management, administration, custody, trustee and audit fees are deducted directly from the fund, and the unit price posted on the website at each month-end incorporates these.
If you would like to make a complaint please contact Glenys Holden – CEO, either at:
PO Box 37341
You may also contact the supervisor at:
Covenant Trustee Services Limited
191 Queen Street
Telephone: 09 302 0638
Facsimile: 09 302 1037
Attention: General Manager, Corporate Trust
The manager is a member of the Insurance & Financial Services Ombudsman Scheme (‘IFSO’), an approved dispute resolution scheme. If your complaint is not resolved satisfactorily after contacting either the manager or supervisor, then you can refer to the IFSO at:
Insurance & Financial Services Ombudsman Scheme
Level 2, Solnet House
PO Box 10-845
Telephone: 0800 888 202
Please note: Norfolk Mortgage Management Limited advises that all investors should seek independent financial advice prior to making any investment decisions.
A mortgage fund pools money from investors and lends it to borrowers who are looking for loans secured against property. The loans secured by mortgages – just like those offered by trading banks. Norfolk Mortgage Trust is a mortgage fund run by the manager, Norfolk Mortgage Management Limited (NMML), a licensed fund manager under the Financial Markets Conduct Act 2013.
The amount you can borrow depends on a range of factors, including the value and location of the security property, your ability to service the loan, and loan structure.
Your interest rate will depend on a range of factors including the value and location of the security property, your ability to service the loan, and the loan structure.
The costs and fees depend on the complexity of your loan and the number of parties involved. The fees vary – we will discuss these when we make you an offer. When your loan is approved and you accept our offer, we’ll get a quote for legal costs.
A registered mortgage over a property you or your guarantor own will be the security for your loan.
A PIE is a managed fund that puts investors’ contributions into different types of investments. The PIE pays tax on investment income based on the prescribed investor rate (PIR) of investors, rather than at the entity’s tax rate. This means that Norfolk pays the tax on your interest distribution directly to the IRD, so you don’t need to include it in your tax return.
A PIR is the rate used to calculate tax on taxable income for your investment. The rules for this rate are different from rules for other income tax rates, with the top PIR being 28%. Use our guide to calculate you PIR here.
Norfolk Mortgage Management Limited is supervised by Covenant Trustee Services Ltd, which has strict statutory and professional roles and responsibilities. It holds the Trust’s assets on behalf of all the investors, monitors the management company regularly, and can suspend the manager if any of the Trust rules and covenants are breached.